which expired at the end of the business day Tuesday.
In May, Pennsylvania Transportation Partners, a collaboration between Citi Infrastructure Investors and Spanish company Abertis Infraestructuras, submitted the winning bid of $12.8 billion to lease the turnpike for the next 75 years. (See "Pennsylvania Could Lease Turnpike in 75-Year Deal," Truckinginfo.com, 5/20/2008)
According to published reports, the partnership said inaction by the state legislature prompted it to drop the deal. Pennsylvania legislators failed to ratify the proposed toll-road lease, and the chairman of the state House Transportation Committee said he would keep legislation to authorize the proposed lease from coming up for a vote.
A spokesman for the partnership said it is open to pursuing another deal next year.
This is the second blow to efforts to improve the state's highways. A few weeks ago, the Federal Highway Administration turned down a proposal from the Pennsylvania Department of Transportation and Pennsylvania Turnpike Commission to place tolls on Interstate 80. (See "FHWA Denies Pennsylvania Plan to Toll I-80," Truckinginfo.com, 9/12/2008)