Indiana has agreed to reimburse the private operator of the Indiana Toll Road after the state waived toll fees along parts of the roadway last week to ease traffic congestion resulting from storms that flooded sections of other major roadways.
The state will repay the private consortium using funds from the $3.8 billion it received in exchange for leasing the asset to the group for 75 years. It’s still uncertain how much the state will need to reimburse. The tolls were waived for several days.
The move came after Democratic state Rep. Dan Stevenson requested that the state waive the tolls to help ease traffic congestion. The Spanish-Australian consortium Macquarie-Cintra operates the Indiana Toll Road.