A total of four teams are bidding for the US operator of the Indiana Toll Road (ITR Concession Co LLC), which is currently in bankruptcy.
The four teams are the following:
The state of Indiana leased the Indiana Toll Road to Spain's Cintra and Australia's Macquarie Group Ltd. for $3.8 billion in 2006. Macquarie Infrastructure Partners owns 25% of the project, Macquarie Atlas Roads controls 25% and Cintra, the road's operator, holds 50%. The contract has a period of 75 years.
The Indiana Toll Road, officially the Indiana East-West Toll Road, runs for 251.51 km east-west across northern Indiana from the Illinois state line to the Ohio state line.
In November 2014 the reorganization plan of the ITR Concession Company was approved by a federal bankruptcy judge in Chicago. ITR Concession previously declared bankruptcy in October 2014 on debt of more than $6 billion.