Chapter 11

Jimmy Emerson / https://www.flickr.com/photos/auvet/15003594752

The private company which operates the Indiana Toll Road is filing for bankruptcy today.

ITR Concession Company is the operating arm of a Spanish-Australian consortium which paid nearly $4 billion for a 75-year lease on the Toll Road in 2006.

The lease says Indiana gets the road back if ITR is unable to fulfill its responsibility, but the company says the Chapter 11 filing won‘t affect road operations.