The report provides an objective assessment of the benefits and limitations of highway public-private partnership (P3) projects around the U.S. and Canada, and an analysis of their application in a Texas context. Specifically, this report reviews: the history of P3s and their use, P3 best practices, necessary conditions for successful partnerships as well as impediments to success, existing relevant Texas statutes and administrative procedures, and possible considerations to increase P3 use in the future. While P3s can offer alternative methods that leverage existing transportation dollars, report authors recognize that P3s constitute only part of the solution to addressing Texas infrastructure challenges.