News from Pennsylvania Turnpike Commission

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Turnpike Chief Responds to Governor’s Privatization Bid Announcement

HARRISBURG, PA (05/19/2008; 1236)(readMedia)-- In response to Gov. Rendell’s Turnpike-privatization announcement this morning, Pennsylvania Turnpike Commission CEO Joe Brimmeier said:

“Ever since Governor Rendell first told me about privatization in December 2006, we understood that he would eventually unveil bids to lease the Turnpike.”

“The matter is now in the hands of the State House and Senate Transportation Committees, who must analyze the concession agreement that’s been submitted for their consideration. We have full confidence that committee leaders and members will weigh transportation-funding options based on what works best for all citizens of the Commonwealth.”

“If asked, we will take part in the discussion that will no doubt arise from the bid now before lawmakers.”

“In the meantime, Act 44 has already begun to address our transportation-funding crisis. In just the past nine months, the Turnpike provided PennDOT with $750 million in new revenue for road, bridge and mass-transit projects under Act 44. That money — generated entirely by tolls and bonding on the existing Turnpike — is being put to work across Pennsylvania today.”

“With Act 44, the Turnpike will supply PennDOT almost $84 billion over 50 years without raising taxes or out-sourcing a critical asset. That’s why we remain committed to implementing Act 44 and seeing it through to completion.”