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Monday, April 17, 2006

Foreign group taking over Indiana Toll Road

[...]
Under the lease, Spanish-Australian consortium Cintra-Macquarie will pay the state $3.8 billion up front and will be responsible for operating and maintaining the highway. It will get to keep the toll revenue it collects.
Republican Gov. Mitch Daniels said the upfront payment will help pay for other transportation projects and create jobs.
Opponents argued it violates the state constitution and have sued. They said the constitution requires that proceeds from the sale of any public works be used to pay off state debt.
[...]

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