Public-Private Partnership

Unable to pay for transportation infrastructure and unlikely to get help at the federal level, cities and states are looking to private entities to build and invest in their infrastructure projects.

The mother of all toll road leases appears to come to a head next month, and though the chances of the near $13 billion lease of the the 537-mile Pennsylvania Turnpike to Citigroup-Abertis team are most uncertain, the PA saga is worthy of study.