Indiana Toll Road Concession Company

City of West Lafayette

Three groups of companies have signified their interest in working on the redesign of West Lafayette’s State Street.

Two groups include companies with a presence in Greater Lafayette. The Plenary Roads State Street team includes Rieth-Riley Construction and the Walsh Gateway Partners team includes Milestone Contractors.

Indiana Toll Road Under New Management

May 28, 2015
Ken Lund / WWW.FLICKR.COM/PHOTOS/KENLUND/

  The Indiana Toll Road is officially under new management Thursday as an Australian firm finalized its purchase of the previous operator, which went bankrupt last year. 

The Indiana Toll Road Concession Company, which took over operations of the toll road under a lease agreement in 2006, filed for bankruptcy in September of last year. IFM Investors, selected by the state from among four finalists, now assumes management of the 156 mile stretch of highway across northern Indiana. 

Counties Finalizing Bid To Buy Indiana Toll Road

Mar 3, 2015
Ken Lund / https://www.flickr.com/photos/kenlund/

The Indiana Toll Road could become a government-run road again for the first time in nine years.

The operating company formed by the Spanish-Australian consortium which leased the Toll Road emerged from bankruptcy last year with a plan to sell the lease.

Lake and LaPorte Counties, through which the road runs, plan to submit a cooperative bid to buy it.

The state concluded under then-Governor Mitch Daniels the road couldn‘t possibly pay for itself, and I-T-R Concession Company has now concluded it can‘t make enough money to make the road worthwhile.

Toll Road Operator Given More Time To Find Buyer

Oct 29, 2014
Jimmy Emerson, DVM / https://www.flickr.com/photos/auvet/

The company which operates the Indiana Toll Road has exited Chapter 11, but will continue to look for a buyer for the lease.

A Chicago bankruptcy judge gave final approval to I-T-R Concession Company‘s prepackaged bankruptcy. The reorganization gives the company 10 months to find a buyer. The Spanish-Australian consortium is eight years into a 75-year lease of the road.

The company would restructure its debt or line up new financing if it can‘t sell the lease.

Indiana Toll Road Operator Files For Bankruptcy

Sep 26, 2014
Jimmy Emerson / https://www.flickr.com/photos/auvet/

Less than a decade into its lease, the operator of Indiana’s Toll Road filed for bankruptcy this week. Investment group Cintra-Macquarie paid 3-point-8 billion dollars in a 2006 deal to lease the toll road for 75 years.

While the state received the full payment up front, some are still worried the bankruptcy filing could still hurt Hoosiers.