Rick Callahan, writing for the Associated Press, reports that the Indiana Toll Road is in financial trouble and that the Indiana Finance Authority has sent a 90 day letter ITR Concession Co., a subsidiary of Cintra-Macquarie, requiring the company “to show that it can meet its obligations to its lenders in compliance with the company’s lease responsibilities.”
The Toll Road operator is reportedly considering bankruptcy and selling its interest in the toll road to someone else. We are something like 11% of the way through the 75 year lease at this point.