The Pennsylvania DOT (PennDOT) recently announced the bridges being considered for its PennDOT Pathways Major Bridge Public-Private Partnership (P3) Initiative, and the coming industry opportunities to participate.
"Our reliance on funding models from the last century leaves us especially vulnerable to fund losses stemming from volatile economic conditions and the increasing transition to alternative-fuel or electric vehicles," PennDOT Secretary Yassmin Gramian said in a statement. "This initiative will help us make much-needed improvements without compromising the routine projects our communities and industry partners rely on."
To support PennDOT Pathways, an alternative funding Planning and Environmental Linkages (PEL) study is underway to identify near- and long-term funding solutions for the overall transportation system and establish a methodology for their evaluation. One of the early findings of the PEL study is that tolling of major bridges in need of replacement or rehabilitation appears to be a viable near-term solution. To advance this funding alternative, PennDOT is pursuing the first initiative of the PennDOT Pathways Program: The Major Bridge P3 Initiative.
The Pennsylvania P3 Board approved the Major Bridge P3 Initiative in November 2020, which allows PennDOT to use the P3 delivery model for major bridges in need of rehabilitation or replacement, and to consider alternative funding methods for these locations. Through the P3 model, PennDOT can leverage private investment to rebuild critical bridges during a period with historically low interest rates and a favorable labor market. This initiative can provide a dedicated source of revenue for these infrastructure improvements and could create significant savings over the life of the program while ensuring the vitality of the state's transportation system and economy.
The bridges being considered for tolling through the Major Bridge P3 Initiative are structures of substantial size that warrant timely attention and would require significant funds to rehabilitate or replace, PennDOT says. Additionally, these bridges were selected based on the feasibility of construction beginning in two to four years to maximize near-term benefits, and with the intention that their locations are geographically balanced to avoid impact to just one region.
Over the next year, PennDOT will evaluate these candidate bridges through individual environmental documents being prepared or re-evaluated for each bridge.
SOURCE: Pennsylvania DOT