The Indiana Finance Authority (IFA) and Indiana Department of Transportation (INDOT) today announced the five private sector teams that responded to the Request for Qualifications (RFQ) to design, build, finance, operate and maintain Interstate 69 Section 5 from Bloomington to Martinsville.

The five teams of local, national and international firms are:

Connect Indiana Development Partners:

• Macquarie Capital Group Limited
• Lane Infrastructure, Inc.
• Lane Industries Incorporated

I-69 Development Partners:

• OHL Concesiones S.A. (OHLC)
• Star America Fund GP LLC (acting in its capacity as general partner of Star America Infrastructure Fund, LP and Star America Infrastructure Fund Affiliates, LP)
• UIF GP, LLC

Isolux Infrastructure Netherlands B.V.:

• Public Sector Pension Investment Board (PSP Investments - a Canadian Crown Corporation)
• Grupo Isolux Corsan S.A.

Plenary Roads Indiana:

• Plenary Group

WM I-69 Partners:

• Walsh Investors, L.L.C.
• Meridiam Infrastructure

A complete listing of contractors, designers and other advisors may be found here.

Indiana Public Finance Director Kendra York said:

"The Indiana Finance Authority will undertake a thorough review of all responses and anticipates announcing a short list of teams that will be invited to submit formal proposals."

IFA and INDOT plan to replicate the success of the East End Crossing of the Ohio River Bridges Project by using an availability payment model to deliver I-69 Section 5.

The project will not involve tolling, but instead will leverage INDOT's capital funding appropriations to attract low-cost private sector finance.

The new Interstate 69 between Evansville and Indianapolis is widely regarded as a key component to the future economic vitality of southwestern Indiana, and will connect an entire region with improved access to jobs, education and healthcare. The 142-mile I-69 corridor was divided into six independent sections with the Tier 1 Final Environmental Impact Study, which was approved by the Federal Highway Administration in March 2004.

The first 67 miles opened for business in November 2012 under budget and years ahead of schedule. Construction is underway on all 27 miles of I-69 Section 4 between Crane and Bloomington, which is expected to open to traffic in phases during late 2014 and 2015.

I-69 Section 5 involves upgrading 21 miles of existing State Road 37 to Interstate standards, including new interchanges and overpasses.

Source: IFA