Indiana has retained four teams to compete for the ‘I-69 Section 5’ project – a design, build, finance, operate and maintain (DBFOM) concession of Interstate 69 (I-69).
Connect Indiana Development Partners – comprising Macquarie Capital, Lane Infrastructure and Lane Industries – Isolux Infrastructure Netherlands – including PSP Investments and Grupo Isolux Corsan – Plenary Roads Indiana – made up of Plenary Group – and WM I-69 Partners – a pairing of Walsh Investors and Meridiam Infrastructure – can expect a request for proposals (RFP) in the fall for the $500 million project, the third toll road public-private partnership (PPP; P3) for the ‘Hoosier State'.
Each consortium answered a June request for qualifications (RFQ) for I-69. The Indiana Department of Transportation (INDOT) and Indiana Finance Authority (IFA) are co-managing procurement. A fifth team, ‘I-69 Development Partners,’ led by OHL Concesiones and Star America Infrastructure Partners, responded to the RFQ, but, according to a Department spokesman was not invited to turn in a proposal.
For a complete list detailing each consortium, please click here.
The I-69 Section 5 P3 is a 23-mile project from Bloomington, a city in southern Indiana, to Martinsville and “widely regarded as a key component to the future economic vitality of southwestern Indiana,” INDOT noted in a press release. The project “will improve traffic safety, reduce existing and forecasted congestion and support economic development”.
I-69 will be the second toll road P3 in Indiana to use availability payment structure in effort to “replicate the success of the East End Crossing of the Ohio River Bridges Project”. In 2006, the US Midwest state leased the Indiana East-West Toll Road, or Indiana Toll Road, for 75 years in a $3.8 billion P3