Interstate 69 (Indiana)
Indiana’s Interstate 69 extension is a 142-mile stretch of that the Indiana Department of Transportation divided into six independent project sections, with original cost estimates of $2 billion for the entire stretch. INDOT spearheaded construction for sections one through four, all of which are currently complete and open to traffic.
The project’s fifth section gained notoriety after the state entered a public-private partnership with a Spanish-based consortium. Plagued with an extensive list of delays and cost overruns, the troubled project has since become a prime example of yet another P3 failing to deliver on promises of a speedy completion and big savings for taxpayers.
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Indy Star » The House unanimously approved House Bill 1374 on Monday, which would require the Indiana Finance Authority to only choose companies that have completed similar projects in North America during the past two years, when entering into a public-private partnership. IFA is the state agency responsible for overseeing public-private partnerships, including the 21-mile stretch of I-69 from Bloomington to Martinsville.