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In the aftermath of the Chicago Skyway transaction, the State of Indiana decided to privatize the statewide Indiana East- West Toll Road through the awarding of a 75-year concession agreement. The winning bidder of this long-term lease agreement is the same Cintra/Maquarie syndicate that won the Chicago Skyway concession. In the case of Indiana the winning bid was $3.85 Billion. Proceeds from the transaction will be used to fund a ten-year transportation capital needs initiative of the Governor of Indiana called “Major Moves”.
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