Investors

Four teams shortlisted for Indiana’s Illiana

Four out of six teams were selected to compete for the DBFOM concession of Indiana’s portion of Illiana, the bi-state toll road project connecting Indiana with Illinois.

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The Indiana Department of Transportation (INDOT) and the Indiana Finance Authority (IFA) have selected four out of six teams to proceed to the next level of bidding for the state’s 12-mile portion of the Illiana Corridor project, the state agencies said in a statement on Friday.

The six consortia responded to Indiana’s Request for Qualifications (RFQ) in January to design, build, finance, operate and maintain Indiana’s portion of the Illiana Corridor project, a proposed 47-mile highway that extends from Interstate 55 (I-55) in Illinois to the west to Interstate 65 (I-65) in Indiana to the east.

The two states are working together on the project but are separately procuring their own public-private partnership (PPP; P3) to deliver their respective parts of the project.

Illinois announced that five teams had responded to its RFQ in January but has not yet announced a shortlist of bidders.

The entire project is estimated to cost $1.3 billion, with the smaller Indiana portion accounting for $270 million of the total.

The four short-listed teams for the Indiana portion are:
– Illiana Corridor Transportation Group – with ACS Infrastructure Development and Fengate Capital Management;
– Illiana East Mobility Partners – led by Cintra;
– Isolux Infrastructure Netherlands BV – led by Isolux Infrastructure Netherlands; and
– WM Indiana-Illiana Partners – teaming Meridiam Infrastructure with Walsh Investors.

“IFA and INDOT representatives will meet with the short-listed teams in the next few weeks to solicit ideas and discuss the procurement process in greater detail,” the agencies said, with a Request for Proposals (RFP) expected this summer.

Indiana has several large-scale transport infrastructure projects underway. In late February, the IFA board selected Isolux Infrastructure Netherlands – owned by Spanish construction and concessions group Isolux Corsán, and PSP, a Canadian fund – for the $325 million ‘I-69 Section 5’ toll road concession, part of the 142-mile Interstate 69 corridor, which has been divided into six independent sections.