Pennsylvania launches tender process for bridges replacement P3 project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Pennsylvania launches tender process for bridges replacement P3 project

The Pennsylvania Department of Transportation has launched a Request for Qualification (RFQ) to design, build, finance and maintain a portfolio of replacement bridges across the the state.

PennDOT expects to shortlist proposers in March 2014 with proposals due in September 2014 and commercial close before the end of 2014.

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.

Interested proposers must submit statement of qualifications by January 31th, 2014.

Barry J. Schoch, PennDOT Secretary, said:

Thanks to Governor Corbett's hard work and commitment to a stronger Pennsylvania, our landmark transportation plan and P3 law will work in unison to make our economy stronger.This project is a prime example of how investment in the public sector empowers stronger partnerships within the private sector, leading to increased safety, good-paying jobs and better services for all Pennsylvanians.

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.

See RFQ:

ftp://ftp.dot.state.pa.us/public/Bureaus/Press/Rapid_Bridge_Replacement_Project_RFQ.pdf

List of country news

Country news

  • December 17, 2013

    Six teams respond to the RFQ for Maryland light rail P3 project

    Maryland Department of Transportation / Maryland Transit Administration (MDOT / MTA) last week announced six private-sector teams responded to a Request for Qualifications to design, build, construct, finance, operate and maintain the Purple Line in Montgomery and Prince George's counties under Maryland's newly adopted Public-Private Partnership (P3) law. Read more
  • December 18, 2013

    IFM Investors to invest $1.3 billion in Freeport LNG terminal

    Freeport LNG Expansion, L.P. and IFM Investors announced on Monday that IFM Investors has entered into an agreement to invest approximately $1.3 billion of equity funding for Freeport LNG's proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. The facility involves the development of three liquefaction plants, also known as "trains". Read more
  • December 23, 2013

    Indianapolis launches RFQ for courthouse P3 project

    The city of Indianapolis has launched a Request for Qualifications for a public-private partnership project that will involve the construction of the new Marion County criminal justice complex. Read more
  • December 23, 2013

    Blackstone Energy fund buys power plants in Texas

    Centrica plc's North American subsidiary, Direct Energy, has agreed to sell its Texas gas-fired power stations to Blackstone Energy Partners for $685 million in cash. Read more
  • December 24, 2013

    ArcLight Capital acquires midstream assets in Pennsylvania

    Penn Virginia Corporation announced on December 16th, 2013, that it has entered into a definitive agreement to sell substantially all of its Eagle Ford Shale natural gas midstream assets to a newly-formed affiliate of ArcLight Capital Partners, LLC for gross cash proceeds of US$100 million. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.