Public-private partnerships for transportation deals that involve concessions are likely to be held to new standards on pricing and competition, under a rule proposed last week by the Federal Highway Administration.

The fair market value and design-build amendments officially proposed on Oct. 8 by submission into the Federal Register would change regulations to require state departments of transportation and other public authorities to "negotiate for and obtain fair market value" as part of any concession deal involving facilities built or purchased using federal highway funds.

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