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Article: Mississippi Puts Brakes On P3 Plan; Suspends Process For New Toll Road.(The Regions)
- Article from:
- The Bond Buyer
- Article date:
- September 10, 2009
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Byline: Shelly Sigo
BRADENTON, Fla. - The Mississippi Department of Transportation yesterday announced that due to the credit crisis, it has suspended the procurement process for the state's first toll road to be built as a public-private partnership.
MDOT had already delayed receipt of proposals from three short-listed consortiums several times at their request and the latest deadline for submitting proposals was next Tuesday.
The procurement is now temporarily on hold because one of the short-listed consortiums asked for another extension while two others had stopped working on their proposals several months ago, said Brenda Znachko, chief ...