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Tag Archives: Indiana Finance Authority

Indiana I-69 Section 5 Availability Payment Project Closes Financing

Posted in PPPs

On July 23, 2014, the Indiana Finance Authority closed financing on its second availability payment P3 project, the I-69 Section 5 highway project, a 21-mile reconstruction project located outside of Bloomington Indiana, the home of Indiana University.  The project is a component of the I-69 Corridor Project which will strengthen connectivity between the northern and… Continue Reading

Indiana Achieves Commercial Close on its Second Availability Payment P3

Posted in PPPs

Indiana closed its second availability payment-based P3 project, the I-69 Section 5 project.  ”Section 5″ is the fifth of six planned sections to link Evansville, Indiana with Indianapolis.  The RFQ for Section 5 was published on May 23, 2013 and the Indiana Finance Authority (“IFA”) – once again partnering with the Indiana Department of Transportation… Continue Reading

Indiana Finance Authority Shortlists 4 Proposers for its Indiana Portion of the Illiana Corridor Project & I-65 Added Capacity Project

Posted in PPPs

On February 28, 2014, the Indiana Finance Authority ("IFA"), in coordination with the Indiana Department of Transportation ("INDOT"), shortlisted four teams for its Indiana Portion of the Illiana Corridor Project (the "Indiana Portion") and I-65 Added Capacity Project ("I-65 Project" and collectively with the Indiana Portion, the "Project").  The project website is located at http://www.in.gov/ifa/2763.htm.  … Continue Reading

Indiana Does it Again! IFA Selects Preferred Bidder for I69 Section 5 Availability Payment Project

Posted in PPPs

Following on the success of the East End Crossing P3 project, the Indiana Finance Authority selected a team led by international P3 developer Isolux Infrastructure to design, build, finance, operate and maintain a 21 mile interstate project.  The developer expects to spend $325 million on capital costs for the project and has brought several local… Continue Reading

East End Crossing Wins Bond Buyer Deal of the Year

Posted in PPPs

Recognizing the innovative P3 approach to project delivery and financial structure for a major US infrastructure project, the Bond Buyer awarded the Indiana Finance Authority’s private activity bonds for the East End Crossing the Deal of the Year Award at its annual event held at the Waldorf Astoria hotel in New York City.  Notably, this… Continue Reading

Indiana Finance Authority Issues RFQ for the Indiana Portion of the Illiana Corridor Project and I-65 Added Capacity Project

Posted in PPPs

The Indiana Finance Authority (“IFA”) issued its Request for Qualifications (“RFQ”) for an availability payments public private partnership for the financing, building and operating of the Indiana portion of the Illiana Corridor Project (the “Indiana Portion”) and I-65 Added Capacity Project (“I-65 Project” and collectively with the Indiana Portion, the “Project”) on November 12.  The… Continue Reading

Indiana Finance Authority issues the Request for Proposals for the I-69 Section 5 Project

Posted in PPPs

Continuing Indiana’s successful employment of availability payment model public-private partnership (“P3”) concessions, the Indiana Finance Authority (“IFA”) issued its second P3 Request for Proposals (“RFP”) to proposers shortlisted at the end of July for the Interstate 69, Section 5 project (the “Section 5 project”).  As with the successful East End Crossing procurement, IFA, with its partner,… Continue Reading

Indiana Finance Authority Shortlists 4 Proposers for its I-69 Section 5 Project

Posted in PPPs

On July 31, 2013, the Indiana Finance Authority (“IFA”), in coordination with the Indiana Department of Transportation (“INDOT”), shortlisted four teams for its I-69 Section 5 Project (the “Project”) located between Evansville, Indiana and Indianapolis, Indiana.  The Project marks the second foray of Indiana into the emerging availability payment structure of public-private partnerships in the… Continue Reading

ARTBA Recognizes East End Crossing Participants, Bill Reinhardt and P3 Founders at 25th Anniversary Awards Dinner

Posted in PPPs

On July 26, the American Road & Transportation Builders Association (“ARTBA”) held its awards dinner for the 25th Annual P3s in Transportation Conference.   Each year during this dinner, the ARTBA P3 Division honors projects that exemplify the value of P3s in the United States and also recognizes two individuals, one public sector and one… Continue Reading

Indiana Finance Authority Issues the Request for Qualifications for the I-69 Section 5 Project

Posted in PPPs

On the heels of its very successful foray into availability payment model public-private partnership (“P3”) concessions, the Indiana Finance Authority (“IFA”) issued its second P3 Request for Qualifications (“RFQ”) on May 23, 2013, this one to develop, design, build, finance, operate and maintain the I-69, Section 5 project.  As with the preceding P3 procurement of… Continue Reading

Indiana Finance Authority and Indiana Department of Transportation Set Date for I-69 Section 5 Industry Forum

Posted in Design-Build

The Indiana Finance Authority (IFA) and the Indiana Department of Transportation (INDOT) will hold the I-69 Section 5 Industry Forum on May 22, 2013.  Sign in will begin at 10:00 a.m. ET and the program will start promptly at 11:00 a.m. at the Government Center South Auditorium, 300 West Washington Street, Indianapolis, Indiana 46204.  Governor… Continue Reading

East End Crossing Achieves Financial Close

Posted in Bridges

Almost a year to the day from when the procurement began, the East End Crossing P3 project has achieved financial close.  Raising nearly $1 billion of public and private debt and equity funding, WVB East End Partners, made up of equal shares to WI East End (“Walsh”), VINCI Concessions Investments and Bilfinger East End Holdings,… Continue Reading

Ohio River Bridges – East End Crossing – Reaches Commercial Close

Posted in Bridges

On December 27, 2012, the Indiana Finance Authority (“IFA”) achieved commercial close of the East End Crossing project in southern Indiana, part of the broader Louisville-Southern Indiana Ohio River Bridges Project.  WVB East End Partners, LLC (“WVB”), is the private counterparty for the East End Crossing project under an availability payment concession, a first for… Continue Reading

A Tale of Two Bridges (A Tale of Bi-State Cooperation)

Posted in Bridges

On November 16, 2012, the Indiana Finance Authority (“IFA”) selected WVB East End Partners (“WVB”) as the “Preferred Proposer” for IFA’s East End Crossing project in southern Indiana.  WVB East End Partners is a joint venture consortium of Walsh Investors, LLC, VINCI Concessions S.A.S. and Bilfinger Berger PI International Holding GmbH, partnering with Walsh Construction… Continue Reading

Indiana Selects Preferred Proposer For East End Crossing (Ohio River Bridges Project)

Posted in Bridges

On November 16, 2012, the board of the Indiana Finance Authority (“IFA”), with Governor Daniels in attendance, based on the recommendation of Kendra York, IFA’s Public Finance Director, approved the preliminary selection of WVB East End Partners as the preferred proposer for the East End Crossing project, Indiana’s second foray into public-private partnerships as a… Continue Reading

Indiana Shortlists Four Teams for East End Crossing

Posted in Bridges

On April 23, 2012, the Indiana Finance Authority (“IFA”), in coordination with the Indiana Department of Transportation, shortlisted four teams for its East End Crossing (Louisville-Southern Indiana Ohio River Bridges Project) (the “East End Crossing”) located in Southern Indiana. The East End Crossing is part of the broader “Ohio River Bridges Project” in the greater… Continue Reading