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Article: Pennsylvania turnpike lease plans 'proprietary'.
- Article from:
- The Philadelphia Inquirer (Philadelphia, PA)
- Article date:
- March 20, 2007
- Author:
CopyrightCOPYRIGHT 2007 The Philadelphia Inquirer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul Nussbaum
Mar. 20--Gov. Rendell has begun a tour to seek public support for his proposal to lease the turnpike to raise money for transportation projects. Estimates of its value range from $2 billion to $30 billion.
As Gov. Rendell begins a statewide campaign to build support for leasing the Pennsylvania Turnpike, his administration is keeping secret the "expressions of interest" submitted by 48 firms interested in the road.
Citing "the proprietary nature" of the proposals, the Department of Transportation has rejected requests from legislative leaders for copies of the submissions, which have come from New York investment banks, ...