Pennsylvania Rapid Bridge Replacement Project Pennsylvania, United States
Plenary Group is the project sponsor, financial arranger, and 80% equity investor for the Pennsylvania Rapid Bridge Replacement Project; the first public private partnership to bundle multiple bridges in a single procurement in the U.S. and Plenary’s third U.S. project to close.
The project will see the accelerated replacement of 558 geographically dispersed and structurally deficient bridges across Pennsylvania.
Under the PPP contract Plenary Walsh Keystone Partners will finance and manage the bridges' design, construction and maintenance during a 28-year contract term. PennDOT will be responsible for routine maintenance such as snow plowing, debris removal, and incident first response.
Construction is expected to begin in the summer of 2015 with a scheduled Substantial Project Completion date of December 2017.