Toll Road Leasing

October 17, 2014, 1pm PDT
Many were surprised when the Indiana Toll Road's operator declared bankruptcy on September 22. Just as surprising may be all the interest by global investors in bidding to replace the bankrupt Australian-Spanish consortium as the new operator.
Reuters
September 22, 2014, 9am PDT
It wasn't supposed to go this way. When Indiana leased the state's namesake, but failing, 157-mile toll road for $3.8 billion to an Australian-Spanish consortium in 2006 for 75 years, analysts predicted a handsome return for investors.
Chicago Tribune
November 13, 2008, 12pm PST
In this op-ed, the former Secretary of the PA D.O.T. bemoans the lost opportunity to lease the PA turnpike to receive $12.8 billion from a private investor group, placing the blame squarely on the state legislature and the Turnpike Commission.
Northeast PA Business Journal
August 28, 2008, 5am PDT
The mother of all toll road leases appears to come to a head next month, and though the chances of the near $13 billion lease of the the 537-mile Pennsylvania Turnpike to Citigroup-Abertis team are most uncertain, the PA saga is worthy of study.
The Wall Street Journal