Bloomberg: Turnpike a Contender for Trump’s Public and Private Infrastructure Partnership

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turnpike

Pennsylvania Turnpike is looking to take advantage of President Trump’s push to attract private investors into infrastructure rehabilitation, writes Gillian Tan for Bloomberg.

The program involves the sale or long-term lease of a major infrastructure project and gives the buyer operational control.

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States and municipalities could then use the funds from the sale or lease along with government incentives, to fund further infrastructure improvements. They could also be used to supplement spending in other areas such as health care, transportation and education.

Pennsylvania Turnpike has been exploring the possibility of privatization for several years, and has gone as far as to ask for and receive bids on variations on this scenario. As a result, this has puts it at the top of the list of project that could be used as a litmus test for this new approach.

However, despite the obvious financial benefits to the state, having public assets such as roads and airports function as for-profit businesses has raised some concerns. In particular, the potential future cost to residents.

Read more about possible Pennsylvania Turnpike revitalization at Bloomberk by clicking here.

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