Tag: Indiana Finance Authority

Roadbuilding

Indiana DOT to take over project from I-69 Development Partners

The Indiana Department of Transportation (INDOT) will take direct control of the I-69 Section 5 project from I-69 Development Partners in a settlement agreement with the Indiana Finance Authority (IFA). INDOT will take over by July 31 this year and the more than 30 subcontractors working on the project will continue their scope of work. […]

June 21, 2017

Roadbuilding

Indiana DOT taking action to ensure payments to I-69 contractors

The Indiana Department of Transportation is working with the Indiana Finance Authority (IFA) in making sure a contractor involved with the Interstate 69 Development Partners is paid promptly by the developer. IFA issued a notice of non-performance last week when it confirmed Isolux Corsan had not been paid more than $2.3 million for work on […]

September 13, 2016

Roadbuilding

Indiana Finance Authority, DOT finalize contract details for I-69 Section 5

Now that the Indiana Finance Authority and Indiana Department of Transportation (INDOT) have finalized the contract with I-69 Development Partners to design, build, finance, operate and maintain the 21 new miles of I-69 Section 5. Utility relocation will take place prior to the start of construction. This spring and summer utility crews will begin installing new […]

April 18, 2014

Roadbuilding

Illiana Corridor deemed eligible to apply for TIFIA loan; Loan could finance one-third of project

Illiana Corridor officials yesterday announced that the U.S. Department of Transportation (U.S. DOT) has deemed the project eligible to apply for a federal loan that could finance up to one-third of the project. If the loan is approved, it would be provided through the Transportation Infrastructure Finance and Innovation Act (TIFIA) at a reduced interest […]

March 18, 2014