Indiana Toll Road operator facing debt woes
The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the 157-mile highway, but its toll revenue hasn't met expectations.
The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the 157-mile highway, but its toll revenue hasn't met expectations.
Federal approval for the Illiana Expressway toll road has been delayed by concerns from the U.S. Fish and Wildlife Service partly over how the project might affect endangered species, an Indiana Department of Transportation project manager said.
Hamilton County officials are circling the wagons to prepare for negotiations over the future of State Road 37.
New approaches to privatization have forced officials in Indiana and Illinois to rethink their funding plans for the 47-mile Illiana Expressway.
Two highway workers were killed when a pickup truck crashed in an Interstate 69 construction zone on the northeast side of Indianapolis. Morning commute traffic backed up for miles.
The 33-page document posted online Tuesday specifies that Indiana will spend $80 million to $110 million and Illinois will pay a minimum of $250 million to build the 47-mile-long Illiana Expressway toll road.
A study recommends replacing as many as 10 signalized intersections along State Road 37 with roundabout interchanges, dropping the highway under the cross streets.
Chicago environmental groups filed a lawsuit Thursday to stop the proposed $1.3 billion Illiana Tollway linking northern Illinois and northwestern Indiana, claiming the Illinois Department of Transportation doesn't have authority to develop it.
Indiana officials have approved a pact with a private company that will finance and build the new section of Interstate 69 between Bloomington and Martinsville.
A group of central Indiana manufacturers and warehousing companies hopes to revive a proposal for a highway that would connect the region's major interstates and communities.
The Indiana Department of Transportation used 437,000 tons of salt and more than 5 million gallons of salt brine, and its trucks logged nearly 8.8 million miles.
The construction planned with the money, as well as an additional $200 million that's being held pending review, could create as many as 9,800 jobs in the state, INDOT estimates.
Greenwood-area commuters should have more breathing room on Interstate 65 after a highway-widening project planned by the Indiana Department of Transportation.
A plan to finance the cost of a section of the new Interstate 69 connection between Indianapolis and Evansville is drawing both praise and ire.
The Indiana Department of Transportation will launch an expansive study seeking new ways to finance road construction and maintenance, according to a bill passed by the Indiana legislature awaiting the governor's signature.
The proposed Illiana Expressway linking northwestern Indiana with Chicago's south suburbs is eligible for a low-interest federal loan for up to one-third of the cost of the $1.5 billion project.
The House passed the compromise bill 95-4, even as a number of lawmakers – including Democrats – complained that the legislation doesn’t include any money for local roads.
Indiana House and Senate lawmakers are still deciding whether to release $200 million for road expansion projects.
Indiana lawmakers advanced a wide range of measures Thursday as they headed into the final two weeks of their 2014 session, setting up last-minute negotiations on everything from road funding to education.
INDOT plans to close a chunk of U.S. 31 in Carmel on or after April 4 through Thanksgiving. The closure was originally planned for 2015, but prep work was completed ahead of schedule.