Re: Cintra-Macquarie Bid of $3.85b for Indiana TR Accepted


william lynch wrote:
> Larry Gross wrote:
>
> > Scott M. Kozel wrote:
> >
> >>http://www.tollroadsnews.com/cgi-bin/a.cgi/qkcOBoxLEdqcEIJ61nsxIA
> >>
> >>"Cintra-Macquarie bid of $3.85b for Indiana TR accepted"
> >>TOLLROADSnews - 2006-01-23
> >
> >
> > am I reading this correctly:
> >
> > "A Spanish-Australian consortium has offered the state $3.85 billion
> > for the right to operate the Indiana Toll Road -- an unprecedented
> > windfall that would pay for virtually all of the state's road-building
> > needs over the next 10 years."
> >
> > http://www.indystar.com/apps/pbcs.dll/article?Date=20060124&Category=NEWS02&ArtNo=601240483&SectionCat=NEWS01&Template=printart
> >
> > of course the obvious question is - what happens on the out years
> > beyond year 10?
> >
> > Gee... how come Virginia doesn't get an offer like this?
> >
> By then the consortium will have reneged on about half of
> the payments, claiming violations of the competing roads
> clause, and will then simultaneously file for bankruptcy
> and try to sell the rights to some foreign bank.

Meanwhile INDot is still collecting Federal Interstate maintenance
dollars for I-80/90.

JG

.

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