PennDOT receives five SOQs for bridges P3 project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
PennDOT receives five SOQs for bridges P3 project

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

The Pennsylvania Department of Transportation announced on 13 February 2014 it has accepted five Statement of Qualifications (SOQ) in response to a December 2013 Request for Qualifications (RFQ) to design, build, finance and maintain a portfolio of replacement bridges across the the state.

SOQ's were received from the following Proposer Teams:

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.

Share this news