FOR IMMEDIATE RELEASE
May 25, 2012
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Senate Panel Approves Bill to Encourage Transportation Public/Private Partnerships

HARRISBURG – The Senate Transportation Committee this week approved legislation that would encourage the private sector to join with the Commonwealth in funding transportation projects throughout the state, according to Committee Chair Senator John Rafferty.

House Bill 3 is similar to legislation Rafferty sponsored, Senate Bill 344, to establish Public-Private Partnerships (P3s).   P3s are contractual agreements that allow for greater private sector participation in the delivery and financing of transportation needs and improvements.

"In these tough economic times, P3s have been an innovative and successful alternative to traditional funding sources in other states," Rafferty said.  "P3s have a proven track record of relieving congestion and encouraging infrastructure development – two areas of concern that we face in Pennsylvania and need to address."

He said early involvement of the private sector can bring creativity, efficiency and capital to address complex transportation problems facing cash-strapped state and local governments.

Rafferty said the establishment of P3s is especially critical, given the transportation funding crisis in Pennsylvania.  According to a report by the State Transportation Advisory Committee released last year, the Commonwealth faces a $3.5 billion shortfall to pay for vital transportation improvements.

"This bill isn't the answer to all of our state's transportation problems, but it is an important step we can take now to start addressing those concerns," Rafferty said. "We've worked extensively with the House and other parties in refining this legislation, and I look forward to seeing it through the process and eventually into law."

CONTACT:

Sean Moll
(717) 787-1398