Indiana Toll Road

4 Stories

Investors Eye Airports, Bridges, Roads

Subprime-weary banks earmark $250B for infrastructure projects

(Newser) - Weary of investments infected by the subprime contagion, investors are looking to purchase and operate some more substantial assets: the nation’s bridges, toll roads, and airports, reports the New York Times. Goldman Sachs, KKR, Morgan Stanley, and Credit Suisse are among those who have stockpiled some $250 billion for... More »

States Consider Leasing Roads as Upkeep Takes Toll

$12.8B deal could make Penn. Turnpike largest such public-private partnership

(Newser) - With Pennsylvania legislators set to vote next month on a $12.8 billion deal that would put the 537-mile Pennsylvania Turnpike under private operation, such public-private partnerships are accelerating across the US, the Wall Street Journal reports. Often bankrolled by infrastructure funds—which have $160 billion under management—the projects... More »

State Tolls Rising—Some by 50%

Subprime crisis has officials scrambling to pay for infrastructure

(Newser) - As subprime fallout ripples across the country, several states are planning to increase road, bridge, and tunnel tolls, and not by mere pennies, USA Today reports. The George Washington Bridge, for example—which lets New Jerseyites into the Big Apple—will raise its rush hour price from $5 to $8... More »

Hit the Road, Jack—or You Can Lease It

Critics balk as states privatize highways to raise capital

(Newser) - Cruising the Goldman Sachs Turnpike might not be as futuristic as it seems, Time reports, as more states lease highways to private companies to raise quick cash for infrastructure needs. And backlash didn't stop Indiana from grabbing $3.8 billion for a 75-year lease on the Indiana Toll Road. States... More »

4 Stories