A new law in Indiana gives the governor greater authority on toll projects in the state.
Since 2006, state law has mandated legislative approval to build or convert existing highways to toll roads. Gov. Mitch Daniels’ “Major Moves” initiative was highlighted by the authorization to lease the Indiana Toll Road for $3.85 billion. The lease deal with a Spanish-Australian consortium has 70 more years left on it.
Gov. Daniels signed into law a bill to allow the governor’s office and the state Department of Transportation to decide whether to use state money or sign deals with private companies to build toll roads.
Previously SB473, the new law specifies that legislative approval would still be necessary to convert existing roadways to toll roads.
full story
Since 2006, state law has mandated legislative approval to build or convert existing highways to toll roads. Gov. Mitch Daniels’ “Major Moves” initiative was highlighted by the authorization to lease the Indiana Toll Road for $3.85 billion. The lease deal with a Spanish-Australian consortium has 70 more years left on it.
Gov. Daniels signed into law a bill to allow the governor’s office and the state Department of Transportation to decide whether to use state money or sign deals with private companies to build toll roads.
Previously SB473, the new law specifies that legislative approval would still be necessary to convert existing roadways to toll roads.
full story
