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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: PennDOT has secured the authority to issue up to $1.2 billion in Private Activity Bonds (PABs) from the U.S. Department of Transportation. PABs are tax-exempt bonds, which are less expensive than traditional financing options available to private firms, and will account for the majority of the total capital costs at a low borrowing cost.
From Private Capital Markets Directly to Producers as Debt: Plenary Group USA Ltd. And Walsh Investors, LLC are providing financing and long-term management. HDR, Inc. is the lead design firm. Walsh/Granite JV is the joint-venture team leading construction. Walsh Infrastructure Management will provide maintenance for a 25-year period upon completion of the bridges.