Other toll roads have struggled in recent years. American Roads - TopicsExpress



          

Other toll roads have struggled in recent years. American Roads LLC, which operates toll roads in Alabama and Michigan, restructured its debt in Chapter 11 protection in 2013. The Australian operator of the Pocahontas 895 handed over the 8.8-mile toll road outside of Richmond, Va., to a group of its European creditors last year. The sale effort is expected to benefit from demand among investment firms that raised money to buy infrastructure such as toll roads and bridges in recent years, only to see few such assets come to market. Groups already circling Indiana Toll Road include Spanish conglomerate Abertis Infraestructuras SA ABE.MC +0.63% and Canadas Brookfield Asset Management, BAM.A.T -0.58% according to people familiar with the matter. Ferrovials Cintra unit also has teamed up with the Canada Pension Plan Investment Board to pursue a bid, the people said. Cintra and Macquarie in 2006 acquired the right to operate the road under a 75-year lease from the state of Indiana for $3.8 billion.
Posted on: Sun, 14 Sep 2014 20:06:40 +0000

Trending Topics



Recently Viewed Topics




© 2015