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