Louisiana Revised Statutes Tit. 34, § 53. Public-private partnership

A. The board may solicit proposals for a public-private partnership to design, construct, finance, operate, and maintain the St. Bernard Transportation Corridor roadway project as provided in this Subpart.

B. In the solicitation of a public-private partnership, the board shall adhere to the provisions set forth in R.S. 48:2084 through 2084.15, as applicable to public-private partnership projects undertaken by the Louisiana Transportation Authority. Notwithstanding any provision of law to the contrary, the Louisiana Transportation Authority shall neither be required to grant approval for the development of the St. Bernard Parish Transportation Corridor roadway project nor serve as a party to the comprehensive agreement with any private entity. The final concession agreement with the public-private partner shall be approved by the Joint Committee on Transportation, Highways and Public Works.

C. Any agreement entered into by the board for a public-private partnership shall require a bond with good, solvent, and sufficient surety in an amount equal to or exceeding the requirements established for contracts by the Department of Transportation and Development pursuant to R.S. 48:256.3. Additionally, any agreement shall incorporate the provisions set forth in R.S. 48:256.5.