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Sunday, June 25, 2006
Ind. Gov't. - Lease of Toll Road to take effect Wednesday - What does it mean?
Martin DeAgostino of the South Bend Tribune has a good story today offering "a brief primer on the Indiana Toll Road lease." He provides answers to a number of questions, inlcuding:
Q. Who gets what from the deal?A. Indiana gets a cash payment of $3.8 billion the day the deal closes. (By wire, in separate funds transfers that cannot exceed the U.S. Federal Reserve System's limit of $999 million each.) And Cintra-Macquarie gets all tolls and concession revenues for the next 75 years.
Those have been estimated at $120 billion, not adjusted for inflation.
Posted by Marcia Oddi on June 25, 2006 08:39 AM
Posted to Indiana Government