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Transactions - JUNE 30, 2021

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PennDOT seeks private development partner for Major Bridge P3 Initiative

by Released

The Pennsylvania Department of Transportation (PennDOT) has invited the private sector to submit qualifications to compete for the opportunity to enter into a public-private partnership (P3) with PennDOT to administer the Major Bridge P3 Initiative.

The partner will design, build, finance, and maintain major interstate or expressway bridges and associated roadway and tolling infrastructure.

The private development entity chosen for the P3 will enter into a pre-development agreement to design, build, finance, and maintain one or more bridge packages. Each package will include select bridges and associated infrastructure, including tolling infrastructure, gantry structures and toll buildings for each bridge. The project was approved by the state's P3 Board on Nov. 12, 2020.

“While we're reaching out to the public and evaluating the candidate bridges for this initiative, we've seen significant private-sector interest in this program,” said Yassmin Gramian, secr

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