The new year got off to a quick start for the US private toll road market.
The winning bidder was selected for the Indiana toll road, which will be the largest privatization of an existing asset in the United States to date, and the Texas Department of Transportation unveiled two new projects for which it will solicit proposals this spring.
Texas also announced the preliminary terms for a standardized "comprehensive development agreement" that it would like to use for all of its public-private partnerships, and the US Department of Transportation solicited applications for the use of tax-exempt private activity bonds for projects utilizing private financing.
Indiana Toll Road
Governor Mitch Daniel’s plan to lease the Indiana turnpike to the private sector for 75 years is almost a reality....
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