Fla. looks to private-sector financing for $1.2B in road projects

08/18/2011 | Engineering News-Record

Florida is relying on the private sector and low bids to advance about $1.2 billion in road-building projects. "We must identify creative financing alternatives to get more projects through the production pipeline," says Florida Transportation Secretary Ananth Prasad. The state has been getting bids up to 25% lower than Department of Transportation estimates.

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