Pennsylvania Governor Rendell has accepted that the state legislature won't consider enabling legislation in time to accept the legally binding Abertis-Citi bid of $12.8b which expires June 20. He told reporters yesterday: "There isn't enough time (this month) to have the General Assembly review the Turnpike lease." Join discussion...

With a bid of $12.8 billion an Abertis/Citi team has been selected as the concessionaire in a 75 year lease of the Pennsylvania Turnpike. The bids were received in a second round of best-&-final offer bids last Friday (May 16). #2 bidder was Transurban/Goldman Sachs at $12.1b. Join discussion...

3pm today (Friday May 16) was the deadline for best and final offers for a 75 year lease concession on the Pennsylvania Turnpike. Before he had seen the final bids an official who knew about last week's initial round of bids said he expected the final offer today would be "better than Act 44 revenues but not by a great deal." Join discussion...

The Wall Street Journal's MarketWatch service is reporting that groups led by Abertis and Goldman Sachs are the only two remaining bidders for the 75 year lease concession on the Pennsylvania Turnpike. The third group comprising Cintra and Macquarie - two of the most aggressive bidders in past concession procurements - are out. Join discussion...

The Wall Street Journal reports that two bids have been submitted for the 75 year toll concession on the Pennsylvania Turnpike. It says the bids have been made by Abertis and a Cintra-Macquarie partnership. Join discussion...

Groups led by Spanish toll-road operator Abertis Infraestructuras SA and Cintra Concesiones de Infraestructuras SA have submitted cash offers for a 75-year U.S. toll road concession, the Wall Street Journal reported. Join discussion...

At least two bidding groups submitted undisclosed cash offers late Friday for the 75-year lease of the Pennsylvania Turnpike, in what could represent one of the largest deals in the coveted U.S. infrastructure sector. Join discussion...

The Pennsylvania Turnpike Commission's implicit bid in the state's lease concession procurement is $5.3b, versus a likely top bid by private sector bidders in the range $9b to $13b. The $5.3b implicit bid is cited by the Commonwealth Foundation thinktank in Harrisburg today. Join discussion...

THE Macquarie Group's airport ambitions in the US have spread to Texas, where its infrastructure division is in talks to lease all or part of the Austin-Bergstrom International Airport in the Texas capital, Austin. A Macquarie spokesman confirmed yesterday that discussions with Austin officials were under way but stressed they were at a "very preliminary stage", with no formal proposal for an ABIA takeover on the table. Join discussion...

Pennsylvnia´s governor talks about lack of funding for infrastructures Join discussion...