SB 752 Summary

• Establishes the "Interstate 70 Public-Private Partnership Act" authorizing the Missouri Highways and Transportation Commission to partner with private entities to reconstruct and operate Interstate 70 as a toll road between Interstate 470 and Interstate 64/U.S. Route 40

• Estimated reconstruction cost is between $1.5 billion and $4 billion; project expected to create over 25,000 jobs in construction industry for 7-10 years

• Commission must use competitive procurement process and issue request for proposals; private partner selected based on best value to state including reputation, qualifications, industry experience, and financial capacity

• Private partner may collect tolls through various methods including toll tickets, barrier facilities, and electronic devices; failure to pay tolls is a traffic infraction with fines up to $200 plus toll amount

• Private partner receives tax exemptions on project revenues and property; tort liability capped at amounts established in section 537.610; commission must submit annual status reports to governor and general assembly assessing advantages and disadvantages of public-private partnership method