PHILADELPHIA At least two groups submitted
undisclosed cash offers for the 75-year lease of the
Pennsylvania Turnpike, The Wall Street Journal reported on
One group is led by Spanish toll-road operator Abertis
Infraestructuras SA, while the second group includes Spain's
Cintra Concesiones de Infraestructura de Transporte SA and
Australia's Macquarie Infrastructure Group, the newspaper said
in a report on its website.
The firms were not immediately available to comment.
Morgan Stanley had advised Pennsylvania's government that a
long-term lease of its roadway could cover the $1.7 billion for
its annual highway and transit needs, estimating the value of
the 500-mile highway at $12 billion to $18 billion, the report
(Reporting by Jessica Hall, Editing by Jacqueline Wong)
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