Who'll buy the PA Turnpike?

  Gov. Rendell won't say, but WSJ named two Spanish companies with broad private-highway expertise, Albertis and Cintra, the last in partnership with Australia's Macquarie. Story here
  Spain's El Economista newspaper says the road should fetch an estimated 22 billion euros, or $34 billion U.S. Rendell held the auction after lawmakers resisted his plan to raise tolls to pay for almost $1 billion in yearly road improvements. 
  Earlier, Bloomberg said Economista newspaper questioned whether Spanish companies can raise the needed funds. Story here.

Continue Reading