Indiana Toll Road officially under new management

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By: Jon Zimney jzimney@953mnc.com

The drive may still seem the same, but the Indiana Toll Road is officially under new management.

The deal between ITR Concession and IFM Investors closed on Wednesday, May 27, according to a news release from ITR Concession.

IFM is now in charge of ITR. The original lease agreement with the State of Indiana remains unchanged.

The new CEO says the only noticeable differences will be positive changes: major improvements over the coming years to travel plazas and pavement conditions.

“As the operator of the Indiana Toll Road, we look forward to continuing to provide the high quality maintenance and operations to which drivers have become accustomed,” said new ITRCC CEO Ken Daley. “The only noticeable differences will be positive changes – major improvements over the coming years to travel plazas and pavement conditions.”

The new management plans a $260 million capital injection into the toll road over the next five years, including an increased focus on safety improvements.

There will be no changes to E-ZPass/I-PASS accounts or operations.