PPP plan for Indiana project

Rebuilding of the Interstate 69 highway in Indiana is now going ahead. The PPP project is for the 33.6km I-69 Section 5 contract. Spanish company Isolux Infrastructure is working on the project with much of the funding coming through its agreement with Infra-PSP Canada. The deal sees Infra-PSP Canada taking 49% of the project’s equity. The deal is of note as the firm is an affiliate of Canada’s Public Pension Board and this is the first time an international public pension operation has directly invested in

July 25, 2014 Read time: 1 min

Rebuilding of the Interstate 69 highway in Indiana is now going ahead. The PPP project is for the 33.6km I-69 Section 5 contract. Spanish company 1392 Isolux Infrastructure is working on the project with much of the funding coming through its agreement with Infra-PSP Canada. The deal sees Infra-PSP Canada taking 49% of the project’s equity. The deal is of note as the firm is an affiliate of Canada’s Public Pension Board and this is the first time an international public pension operation has directly invested in a US PPP project during the construction phase. The revamp to I-69 will improve transport connections between the north and the south of the state.

Finance & Funding

For more information on companies in this article

Isolux

How Florida paved the way for availability payments in the US

New financing models have been used to deliver key transport links in the US - * Patrick D Harder and Brandon J Davis Florida Department of Transportation’s (FDOT) public-private partnership (PPP) programme has made impressive progress, setting precedents for US transportation planning and funding. On March 26th 2014, FDOT opened 16km of new reversible express lanes as part of its US$1.8 billion I-595 Corridor Roadway Improvements Project. Just a few months later, on August 3rd 2014, FDOT opened twin tunnel