Indiana seeks investors for tollway near Chicago
MUNSTER, Ind. -- Indiana officials are giving potential investors about two months to show interest in the state's part of the planned $1.3 billion tollway linking highways south of Chicago.
The Indiana Department of Transportation and the Indiana Finance Authority have set a Jan. 10 deadline for investors to submit qualifications for the Illiana Expressway project.
Both states are seeking private companies to finance construction of the 47-mile link from Interstate 65 near Lowell to Interstate 55 near Wilmington, Ill.
The Times of Munster reports (http://bit.ly/17teTln ) Indiana's investor solicitation includes plans for widening about a dozen miles of I-65 north of Lowell. Highway department spokesman Jim Pinkerton says the state doesn't plan to have tolls for that section of I-65 as that work will be paid for with traditional highway funding.
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