The legislation gives Pennsylvania the ability to lease large-scale transportation assets to the private sector as a mechanism for raising funds for expansion and repair projects. Generally, P3 entities generate a return through user fees or tolling.
The law allows any state or local government entity to enter into a P3, subject to approval by a Public-Private Transportation Partnerships Board (PPTB Board). The legislature can block an approval by the PPTB Board if it acts within 20 calendar days or 9 legislative days.
Every transport facility in the state is open for a P3, except the Mainline of the Pennsylvania Turnpike, unless that is specifically permitted by new legislation.
This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.
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