More than 40 organizations have submitted letters to the Rendell administration expressing interest in the proposed privatization of the Pennsylvania Turnpike, but the highway construction industry remains skeptical that privatization alone will provide a comprehensive solution to the state’s infrastructure funding crisis.

The state will review the submissions and invite some firms to make presentations. Several of the firms are interested in operating the 537-mile highway system, while many others are offering their services as consultants. The presentations are expected to help quantify the value of the Turnpike, now thought to range between $2 billion and $30 billion.

There is no timetable for considering the proposals or for putting a deal together, but the issue is expected to be on the legislative agenda at least through the first half of 2007. The General Assembly is expected to consider legislation in early 2007 that would enable the development of public-private partnerships for meeting transportation needs.

Although privatization is being touted as a way to avoid or reduce the need for increases in user fees, many feel that privatization alone will fall far short as a solution to the state’s transportation funding crisis. The Transportation Construction Industries coalition has pointed out that sale or lease of the Turnpike is likely to be only one of several pieces necessary for a comprehensive solution to Pennsylvania’s transportation funding crisis.

TCI’s point was corroborated in a study by the Pennsylvania Economy League, which concluded that while public-private partnerships of all kinds should be explored, a comprehensive solution should include dedicated funding sources that grow with inflation, a regional role in planning and funding and prudent use of debt.

Governor Rendell’s Transportation Funding and Reform Commission, in a report issued in November, estimated that Pennsylvania has a $1.8 billion annual shortfall to support the state’s highway and mass transit systems. Various proposals have suggested that the proceeds from the sale of the Turnpike or other transportation assets be earmarked for transportation purposes.

For a complete list of those submitting letters of interest, go here.