The Pennsylvania Department of Transportation just reached financial close on the state’s Major Bridges P3 project to rebuild nine Interstate highway bridges. Phase one of the two-part public-private partnership rebuilds six Interstate bridges in rural areas of the state, while phase two rebuilds three Interstate bridges in urban areas.
The Major Bridges P3 deal is the state’s latest use of public-private partnerships to modernize and rebuild bridges. Pennsylvania’s Rapid Bridge Replacement Project used public-private partnerships to rebuild over 550 bridges on collectors and local roads in the northeastern and southwestern parts of the state over the last decade.
Initially, the Major