What is Major Moves?
In September 2005, Governor Daniels introduced his draft Major Moves highway plan. The funding comes from a combination of federal and state gas tax monies and revenues from leasing the Indiana Toll Road (ITR) to a private company. A lease was anticipated to bring in the $1.8 billion necessary to fill the construction gap. In November 2005, the Indiana Finance Authority (IFA), which owns the ITR, began soliciting bids to manage and lease the highway. In the third week of the legislative session, IFA opened bids and announced a $3.85 billion offer to maintain and operate the ITR for 75 years. The offer came from Cintra-Maquarie, an Australian-Spanish consortium which operates more than 40 toll facilities worldwide – including the Chicago Skyway which connects at the ITR’s western end. In May 2006, INDOT introduced the final, funded 10-year Major Moves highway plan. Annual new construction will quadruple during the program from $213 million in FY 2006 to $874 million in 2015. In addition
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