US road link seeks Chinese investors

The Pennsylvania Turnpike Commission is hoping to attract Chinese investors to fund half of the cost of a key connection point for the Pennsylvania Turnpike (or road toll) and Interstate 95, a major highway in the eastern United States.

The commission and the Delaware Valley Regional Center have formed a limited partnership to raise $200 million of the $416 million needed to build an interchange between the two in southeastern Pennsylvania.

Ideally it wants wealthy foreign investors, including the Chinese, it said, to invest $500,000 apiece. In return, the investors can apply to the EB-5 program which grants immigration visas to foreigners who invest at least $500,000 in US projects creating at least 10 jobs.