KPMG LLP, Ohio’s advisor, is expected to release a highly anticipated report in the coming weeks that will examine the best ways to “wring cash out of the 241-mile Ohio Turnpike,” including the possibility of a public-private partnership similar to one undertaken in Indiana in 2006, Bond Buyer reports. The director of the Indiana Department of Transportation has touted the state’s $3.8 billion lease of its toll road as a way to “finance infrastructure without raising taxes,” but Ohio Department of Transportation (ODOT) Director Jerry Wray said that financial circumstances between 2006 and now must be taken into consideration as part of the consultant’s report. Ohio officials hope to present a privatization plan, which Gov. Kasich speculates could raise $2.4 billion for the state, to the General Assembly as either a stand-alone proposal or part of the ODOT budget soon after January 1, the article said. For more, read the full story.
Ohio looks for lessons in Indiana as it debates privatizing the Ohio Turnpike
