Credit Agency: I-69 Section 5 Default ‘Appears To Be Inevitable’

WTIU » Credit ratings agency Standard and Poors says it’s more likely the section of I-69 from Bloomington to Martinsville will be finished if the state takes the project over from the private developer. This week, S&P downgraded the bonds being used to fund construction to a ‘CCC-’ from a ‘B-’.

Funding for remainder of I-69 section up in the air

Indianapolis Star » The Indiana Finance Authority and I-69 Development Partners are re-evaluating how to pay for the remainder of I-69 construction between Bloomington and Martinsville, which could again impact the completion date.

2018-02-28T14:08:01+00:00April 25th, 2017|Highways, Indiana, Interstate 69 Indiana, Public-Private Partnerships|

Will shaky finances further delay I-69 work?

Indianapolis Star » Despite the rocky finances of the parent company of the lead contractor on key section of I-69 through Bloomington, the state says it has not changed its plans to pay I-69 Development Partners in advance to finish construction. 

2018-02-28T14:14:55+00:00April 12th, 2017|Highways, Indiana, Interstate 69 Indiana, Public-Private Partnerships|

I-69 Extension Project Delayed Again

Inside Indiana Business » The portion of the I-69 extension project, connecting Bloomington to Martinsville, is once again being delayed. The Indiana Finance Authority and the Indiana Department of Transportation have signed a memorandum of understanding with the project’s developer to complete the project by May 2018.

2018-02-28T14:17:09+00:00February 13th, 2017|Highways, Indiana, Interstate 69 Indiana, Public-Private Partnerships|

I-69 Section 5 project pushed back again

Indianapolis Star » Completion on Section 5 of Intestate 69 has been pushed back yet again, with new conservative estimates pushing the project to October 2017, amid concerns that the lead contractor is still behind on payments to subcontractors.

2018-02-28T14:19:25+00:00September 20th, 2016|Highways, Indiana, Interstate 69 Indiana, Public-Private Partnerships|
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