Australian Company Agrees to $5.7B Indiana Toll Road Lease
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Australian Company Agrees to $5.7B Indiana Toll Road Lease

ByKyle W. Bell

The Indiana Toll Road may soon have a new operator. The Australian-based IFM Investors has agreed to purchase the remaining 66 years on the lease that the state of Indiana struck with ITR Concession Company, which filed for bankruptcy protection last year. ITR is a foreign consortium of Spain-based Cintra and Australia-based Macquarie. “We believe…

Indiana Will Not Reclaim Toll Road from Bankrupt Operator
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Indiana Will Not Reclaim Toll Road from Bankrupt Operator

ByKyle W. Bell

Credit: Flickr, Jimmy Emerson Indiana’s state government will not attempt to reclaim the Indiana Toll Road after its operator filed for bankruptcy. The foreign consortium which bought the rights to a $3.8 billion, 75 year lease of the 157 mile long Indiana Toll Road — which runs from the Illinois border to the Ohio border…