Toll Road operators "capable of weathering … economic storm"

The operators of the Indiana Toll Road are "very capable of weathering the current economic storm," according to a written statement provided by Matt Pierce of ITR Concession Company.

The statement came in response to opinions expressed by Indiana House Speaker B. Patrick Bauer (D - South Bend) that the foreign owners of the toll road were "on the verge of bankruptcy."

ITR Concession Company is responsible for managing the day-to-day operations of the toll road. The roadway is directly owned by Macquarie Infrastructure Group (MIG), Macquarie Infrastructure Parnters (MIP) and Cintra Concessiones de Infraestructuras de Transporte, S.A. (Cintra).

The ITR statement indicates that the companies are among the world's largest developers and managers of infrastructure projects, collectively managing assets valued in excess of $35 billion.

"The fundamental financial health of each of those companies is not in question," said Pierce. "In fact, thanks to the experience and financial wherewithal of the lease holders, the ITR has successfully completed a whole range of improvements since the lease commenced in June of 2006.

"Millions have been spent on implementing Electronic Toll Collection, replacing critical roadway equipment and expanding toll plazas, all in efforts to better serve the patrons traveling the ITR."

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