Mayer Brown and Philadelphia firm Ballard Spahr are advising the state of Pennsylvania on a $12.8 billion binding privatization bid for the Pennsylvania Turnpike. Gov. Edward Rendell announced Monday the top bid by Spanish toll operator Abertis Infraestructuras, Barcelona-based investment firm and Abertis shareholder Criteria CaixaCorp, and Citigroup's Citi Infrastructure Investors. Built in 1940, the roughly 535-mile Pennsylania Turnpike is one of the nation's busiest toll roads.
Mayer Brown, Ballard Spahr Advising Pennsylvania on $12.8 Billion Turnpike Privatization
The American Lawyer
May 20, 2008