Pew Report Finds Major Flaws in Pennsylvania’s Effort to Lease Turnpike

Source: Pew Center on the States, (PA), 03/24/2009 –

The unsuccessful effort last year to lease the Pennsylvania Turnpike to private investors provides valuable lessons for other cash-strapped states seeking to fund their highways and bridges, according to a new report by the Pew Center on the States.  With an annual funding gap of $47 billion between the roadway projects the nation needs and those it can afford, states with large deficits and an urgent need to fix aging infrastructure are looking closely at public-private partnerships–a financing approach used in other countries for years but only recently adopted in the United States.

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