Monday, March 06, 2006
TOLLROADSnews: Mon-Fayette & Southern Beltway PA might be built with concessions
2006.03.03
PENNSYLVANIA
Mon-Fayette & Southern Beltway PA might be built with concessions
America's most expensive tollroad development - the MonFayette Expressway and Southern Beltway in southwest Pennsylvania - might be completed through investor toll concessions. Joe Brimmeier chief executive of the Pennsylvania Turnpike confirmed a Pittsburgh Post Gazette report that he has had discussions with Macquarie about the feasibility of completing the projects as a toll concession.
Brimmeier is quoted this morning: "Yes, in light of public funding drying up, we are researching ways to fund unfinished portions of the roads."
The meeting Jan 18 at the Turnpike offices in Harrisburg clearly was exploratory.
It was initiated by Macquarie, and have now been terminated by Brimmeier. The matter has not been discussed by the Turnpike Commission, the governing board.
PENNSYLVANIA
Mon-Fayette & Southern Beltway PA might be built with concessions
America's most expensive tollroad development - the MonFayette Expressway and Southern Beltway in southwest Pennsylvania - might be completed through investor toll concessions. Joe Brimmeier chief executive of the Pennsylvania Turnpike confirmed a Pittsburgh Post Gazette report that he has had discussions with Macquarie about the feasibility of completing the projects as a toll concession.
Brimmeier is quoted this morning: "Yes, in light of public funding drying up, we are researching ways to fund unfinished portions of the roads."
The meeting Jan 18 at the Turnpike offices in Harrisburg clearly was exploratory.
It was initiated by Macquarie, and have now been terminated by Brimmeier. The matter has not been discussed by the Turnpike Commission, the governing board.
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