THE ABERTIS-LED CONSORTIUM DOES NOT EXTEND ITS BID FOR THE PENNSYLVANIA TURNPIKE

The offer made by the consortium Pennsylvania Transportation Partners was announced the winner in May, and has since been extended twice.- The decision was based on the timetable and situation of the legislature in the state of Pennsylvania that should grant the turnpike´s concession, the financial uncertainties and the opportunities offered by the infrastructure market at present.- Governor Rendell said that he remains committed by the legislation process and he has expressed his confidence in being able to rely on the consortium for the Pennsylvania Turnpike lease.- abertis and its consortium partners continues to believe the concession model for the Pennsylvania Turnpike is the best way for the State to meet its infrastructure financing needs and shows the potential for public-private partnership in the US.- The research... [read full story]