While a $12.8 billion long-term lease bid for the Pennsylvania Turnpike expired this week, Gov. Edward Rendell plans to revisit the issue in the next two-year legislative session.
The bidding consortium of Citi and Abertis Infraestructuras did not extend its $12.8 billion offer to manage the 530-mile turnpike for 75 years after the initial period expired Tuesday. Citi/Abertis had extended its offer twice beyond the original July 20 deadline. Yet legislation that would allow the state to enter into a concession agreement on the turnpike continues to lag in the House Transportation Committee and Citi/Abertis decided instead to focus on possible new legislation in 2009.