Connecticut will round out the year with a new public-private partnership for highway service plazas. In December, a consortium will take over operations of 23 service plazas and sink in millions of dollars to upgrade the facilities.

The state expects to get at least $250 million of revenue sharing during the life of the 35-year concession. The consortium plans to invest $178 million upgrading the facilities in the first five years and $52 million to maintain them.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.