INDOT Prepares for Life After Major Moves
Toll Road lease windfall runs out in 2015
Highway officials are beginning to ponder what's next after the proceeds from leasing the Indiana Toll Road run out.
The 10-year road-building binge dubbed Major Moves has two years and $3.5 billion dollars left. INDOT Commissioner Michael Cline says that's enough money to complete all the Major Moves projects except the I-69 extension, which was always expected to be only partly funded by the lease proceeds.
Once Major Moves runs out, Cline expects to have about $750 million a year to work with -- the exact amount depends in part on the next federal highway bill. Cline says that should be enough for maintenance needs. He says it's difficult to pinpoint exactly how much cash the state needs in all, since the need for new construction is more subjective than keeping existing roads in good repair.
Cline says a public-private partnership is possible for some projects, especially the final Martinsville-to-Indy leg of I-69. Legislators are expected to explore other options in the session which begins next week.
Cline has been INDOT commissioner since 2010, and will continue in that role under new Governor Mike Pence.