Posted by: Karin Corbett (firstname.lastname@example.org)
Recent news accounts report that the Pennsylvania Department of Transportation has selected four teams made up of companies in finance, construction, manufacturing and other industries to submit proposals for PennDOT's Rapid Bridge Replacement Project, which provides for the replacement of over 500 bridges statewide through public-private partnerships. The four teams are constituted as follows:
1. Plenary Walsh Keystone Partners: Plenary Group, The Walsh Group, Granite Construction Co., HDR Engineering, HNTB Corp. and Infrastructure Corporation of America.
2. Keystone Bridge Partners: InfraRed Capital Partners, Kiewit, Parsons, The Allan A. Myers family of companies, DBi and American Infrastructure.
3. Commonwealth Bridge Partners: John Laing Investments, Fluor, American Bridge Co., Traylor Bros. Inc., Joseph B. Fay Co., STV Inc. and Infrastructure and Industrial Constructors.
4. Pennsylvania Crossings: Meridiam, Lane Construction, AECOM, Trumbull, Wagman Companies and Cofiroute.
PennDOT expects to award the management of the bridges' design, construction and maintenance to one of the four teams this fall in order to begin construction in the summer of 2015. By allowing one team to manage multiple bridge projects, thereby streamlining design and construction work, PennDOT anticipates savings allowing more projects to be completed.
In addition to managing the projects, the selected team will share in the maintenance of the bridges for a certain number of years and will be required to finance the project, with PennDOT making performance based milestone payments.