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The Pennsylvania Department of Transportation has announced that four teams have been shortlisted to design, build, finance and maintain a portfolio of replacement bridges across the the state.
The teams invited to submit proposals are:
PennDOT expects to release final project details and requirements to the four teams this summer and select a preferred proposal this fall. Construction is anticipated to begin in summer 2015.
The project contemplates accelerating the replacement of at least 500 geographically disbursed, structurally deficient, bridges across Pennsylvania in less than 5 years. The majority of the Replacement Bridges are single and multi-span bridges that will be replaced in-kind.
The concessionaire will be reimbursed through an availability payment structure over an anticipated term of between 25 and 35 years.
Pennsylvania is taking advantage of the new P3 tool that Governor Corbett signed into law in 2012 to begin a new initiative to address the state's nearly 4,500 Structurally Deficient (SD) bridges. With the P3 approach, the state can replace hundreds of these bridges more quickly; save money; and minimize the impact on the traveling public.