You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Indiana

  • 4 physicians face licensing actions
    INDIANAPOLIS – The state attorney general’s office filed licensing complaints Wednesday against four physicians – including one who used to perform abortions in Fort Wayne – for violations of abortion record-
  • Toll Road firm handed deadline
    The state agency that oversees the Indiana Toll Road has given the highway’s debt-saddled private operator until late November to prove that it’s meeting its debt obligations amid reports that the company is considering filing for bankruptcy and
  • Judge restores part of state gay marriage suit
    A federal judge has reinstated four same-sex couples’ claim against Indiana Gov. Mike Pence over the state’s refusal to recognize gay marriages performed out of state.
Advertisement

Debt payment looms for Indiana Toll Road operator

MUNSTER, Ind. – A state agency says it is monitoring the Indiana Toll Road operator’s finances as it works to make an upcoming debt payment.

Indiana Toll Road Oversight Board director James McGoff told The Times of Munster (http://bit.ly/1lIY0mS) that the private operator has said it is trying to negotiate more favorable terms with its lenders.

The Spanish-Australian investor group Cintra-Macquarie paid the state $3.8 billion in 2006 for a 75-year lease of the highway, but its toll revenue hasn’t met expectations.

Macquarie Group vice president Paula Chirhart declined to comment on the consortium’s financial situation.

McGoff said the lease agreement allows the state to potentially take the 157-mile highway back over if the consortium defaults on its debt payments.

Advertisement