Pennsylvania yesterday released terms and conditions for its proposed leasing of the Pennsylvania Turnpike, which included a 75-year lease, limited toll increases on the Turnpike, and no tolls on Interstate 80.

Although last year Gov. Edward G. Rendell signed off on Act 44 - a funding plan to help pay for transportation infrastructure needs in the commonwealth - he has since revived his support of leasing the Pennsylvania Turnpike instead as more and more opposition to Act 44 and the tolling of I-80 mounts.

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.