Companies bid on Tampa Toll Road

| 2/16/2007

In Tampa, FL, two private companies made their bid this week to build an east-west toll road to link Interstates 75 and 275 on the north side of the city.

But according to the Tampa Tribune, neither company’s bid matched the $1 to $1.50 range at which area officials wanted the toll set.

One of the bidding companies, OHL – a Spanish company – said it could roughly match the proposed toll rate, but would need millions in public subsidies to turn a profit, according to the Tribune.

The other company, the Plenary Group – an international investment company – didn’t ask for subsidies but said it would have to charge $2.75 for tolls, the Tribune reported.