Indiana Toll Road Mitigation

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Indiana Toll Road Mitigation Greg Quartucci Cardno JFNew Senior Ecological Resource Specialist 3 The Players • ITRCC – Indiana Toll Road Concessionaire Company • ITRC – Indiana Toll Road Construction Company • Regulatory agencies • Local conservancy groups • Consultants The Project • Leased portion of Indiana Toll Road • Add lanes project – required by contract • Wetland impact – 1.0 acre • Mitigation required Geographic Location SITE CHARACTERISTICS • Southern tip of Lake Michigan • Fire dependant community • Sandy substrate • Water table fluctuation • 130 endangered species in Lake Michigan watershed Project Area Gary Natural Areas Protected Areas Unprotected Areas Core Natural Areas Corridor City of Gary Boundary The Setting • 27,000 Acres of dune and swale – Now 2000 • Low linear beach dunes and intervening swales • Wetlands and black oak savanna • Mixing of ecotones – high biodiversity Identification of Mitigation Alternatives • Wetland bank • Oak savanna restoration • Grand calumet river • Dune and swale • Prairie • Habitat restoration Process • Meetings with regulators • Meeting with conservancy groups • Meeting with client • Consensus Dune & Swale Topography Mitigation Proposed & Accepted • 1.0 Acre of prairie restoration • 1.0 Acre of dune and swale restoration • 1.5 Acres of wetland bank credit Prairie Restoration • Prairie near cline avenue • Restore 1.0 acre instead of swale • Sand prairie Lake Station Wetland Bank • 200 plus acres • Farm field conversion • First Indiana bank Lake Station Wetland Bank Lake Station Wetland Bank Lake Station Wetland Bank Ivanhoe Dune & Swale Restoration • Restoration of residential lots • 297 species with a 90 native FQI • C Value high • Karner Blue Butterfly Ivanhoe Dune & Swale Restoration 2011 Update • Prairie mitigation – US EPA • Dune and swale completed in Spring 2011. • Dune and swale monitoring • 2012 Plans Before & After Keys to Success • Early Coordination • Cooperation with Local Entities • Locally Focused Mitigation Questions? Direct Additional Questions to: Greg Quartucci Senior Ecological Resource Specialist [email protected] 6605 Steger Road, Unit A, Monee, IL 60449 (708) 534-3450 www.cardnojfnew.com .

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Travel Plaza Map Updated Sept 2016
Toll Road Travel Plazas Four eastbound and four westbound Travel Plazas are Did you know... our Travel Plazas are named after conveniently located along the Indiana Toll Road. Each famous Hoosiers? plaza is marked with a star symbol on the map. Travel Plaza 1, Mile Post 22 - Portage Visitor information on lodging, dining, shopping and attractions are available at all 8 T ravel Plazas. Westbound: John McCutcheon, a famous cartoonist, Comprehensive visitor services are available at locations illustrator and journalist born near South Raub. A graduate of marked with this symbol. Purdue University, he became known as the “Dean of American Cartoonists.” Quality automotive and truck fuels oered from all travel plazas. All Fuel Stations are open 24 hours a day. Eastbound: George Ade, born in Kentland . A gradu ate of Most major credit cards are accepted. Motor oils, uids Purdue University, he achieved popularity through his clever and other automotive accessories also available. use of American slang. Portage Travel Plaza 3, Mile Post 56 - Rolling Prairie Hardee’s / Fazoli’s / Hershey’s Ice Cream Westbound: Wilbur Shaw, a na tive of Shelbyville . He was the Full service TravelCLOSED Plaza. Services include FOR public phones, RE-CONSTRUCTION;rst driver to win the Indianapolis 500 two years in a row. lottery, vending and video games, along with great Eastbound: Knute Rockne, considered to be the greatest restaurants and giftRE-OPENING shop. EARLYcoach in2017 college football history. He became coach of the Rolling Prairie University of Notre Dame in 1913 and led to the fabulous days of the Four Horsemen, the backeld shift and ve McDonald’s / Dairy Queen seasons of undefeated and untied games.
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Account Statement
Pennsylvania Turnpike Commission Account Statement E-ZPass Customer Service Center 7631 Derry Street Account Number: 1684308 Harrisburg, PA 17111 Statement Date: 03/04/2015 1.877.PENNPASS (1.877.736.6727) Statement Period: www.paturnpike.com From: 02/01/2015 To: 02/28/2015 Account Type: POV DO NOT PAY- THIS IS NOT A BILL Payment Method: Prepaid JR MALDONADO 132 ASH CIR ANDREAS PA 18211-3008 Activity Summary Transponder/ Transponder/ License Plate Toll Charges License Plate Toll Charges 02047441 ($89.83) Total Toll Charges: ($89.83) Account Activity Transponder/ Posted Transaction License Plate Entry Date Entry Plaza Exit Date Exit Plaza CL Amount Balance Beginning Prepaid Balance $43.79 2/14 AWAY AGENCY TOLL 02047441 02/13/2015 12:10:33 Indiana Toll Road - 02/13/2015 14:34:13 Indiana Toll Road - POR ($26.68) $17.11 EPT 2/14 AWAY AGENCY TOLL 02047441 Indiana Toll Road - *** 02/13/2015 14:56:38 Indiana Toll Road - WPT ($0.50) $16.61 2/16 AWAY AGENCY TOLL 02047441 02/13/2015 09:05:29 OH Turnpike Comm - 02/13/2015 13:03:35 OH Turnpike Comm - 2 ($31.75) ($15.14) 239 2/16 CC REPLENISHMENT 02/16/2015 04:18:31 $55.00 $39.86 2/18 AWAY AGENCY TOLL 02047441 02/17/2015 07:36:24 Illinois Tollway - 51 02/17/2015 07:36:24 Illinois Tollway - 51 ($0.75) $39.11 2/18 AWAY AGENCY TOLL 02047441 02/17/2015 14:33:48 Illinois Tollway - 52 02/17/2015 14:33:48 Illinois Tollway - 52 ($0.75) $38.36 2/18 AWAY AGENCY TOLL 02047441 02/13/2015 15:01:31 Chicago Skyway - SKW ($20.20) $18.16 2/21 AWAY AGENCY TOLL 02047441 02/20/2015 08:10:26 Illinois Tollway - 51 02/20/2015
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Indiana Toll Roads
Then there were two.. Indiana Toll Road vs. Chicago Skyway An Analytical Review of Two Public/Private Partnerships A Story of Courage and Lost Opportunity November 1, 2006 NW FINANCIAL GROUP, LLC Exceeding Expectations Overview In the aftermath of the Chicago Skyway 10-year transportation capital program transaction, the State of Indiana decided for the State of Indiana, however the to privatize the statewide Indiana East- State has given up 75 years of revenues West Toll Road through the awarding of from the sale of Toll Road revenue a 75-year concession agreement. The stream. winning bidder of this long-term lease agreement is the same Cintra/Maquarie Query: syndicate that won the Chicago Skyway concession. In the case of Indiana the Where will State transportation winning bid was $3.85 Billion. Proceeds funding come from in years 11 from the transaction will be used to fund through 75? a ten-year transportation capital needs initiative of the Governor of Indiana In the past governments undertook called “Major Moves”. privatizations primarily to reduce costs and stabilize, not increase, rates to The Indiana transaction differs from the users. These prior efforts were also Chicago deal in several major ways: contracted to more limited terms of 5-30 years so that retention of public control • Concession is for period of 75 was always nearby. There are many years versus 99 years lessons to be learned from past infrastructure privatizations’ both good • Indiana initial toll increases of and bad, however, very few of these between 73% and 113% were put efforts have been a pure monetization of in place by the Governor prior to assets in the fashion of the Indiana Toll the concession bid Road and the Chicago Skyway.
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Creating World-Class Infrastuructre to Drive Indiana's Economy
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State to Receive $1 Billion in Exchange for Allowing Higher Truck Tolls on Indiana Toll Road Dan Carden, NWI Times September 4, 2018
State to receive $1 billion in exchange for allowing higher truck tolls on Indiana Toll Road Dan Carden, NWI Times September 4, 2018 MARTINSVILLE — Gov. Eric Holcomb announced Tuesday that the state will invest an additional $1 billion in its transportation and technological infrastructure over the next six years, including $190 million to improve U.S. highways 20, 30 and 31 in northern Indiana. The money is coming from a one-time deal with the Indiana Toll Road operator, who has agreed to pay $1 billion in exchange for permission from the Indiana Finance Authority to hike tolls by 35 percent next month on commercial trucks and other heavy vehicles. The Republican chief executive said the toll increase, set for IFA approval Sept. 20, mostly will affect semi-trailer operators traveling the state-owned, but privately operated, tollway that runs for 156 miles between Illinois and Ohio across Indiana's northern border. He said tolls for passenger cars will not change under the plan. "The majority of the traffic is from out-of-state," Holcomb said. "We're capturing other people's money." The governor declined to specify how much the Indiana Toll Road Concession Co. stands to make as a result of the toll hike during the 63 years remaining on its 75-year lease of the tollway that often lost money when it was under state control. Typically, Toll Road rate changes are limited to annual inflation-level adjustments. Holcomb explained that the Toll Road operator last year approached the state seeking a significant hike on all vehicles.
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The Chicago Skyway Sale: an Analytical Review
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Indiana Toll Road
INFRASTRUCTURE CASE STUDY: Indiana Toll Road SUMMARY PROJECT TYPE YEAR DEAL STRUCTURE Toll Road 2006 Long-term operating lease TOTAL COST $3.8 billion payment to the state FINANCING Private equity and senior bank debt FUNDING User-paid toll PUBLIC BENEFIT Significant upfront payment to the state and long-term maintenance of the roadway Background Located on the northern edge of the state, the Indiana Toll Road (ITR) was privatized in an agreement between the State of Indiana and the ITR Concession Company (ITRCC) LLC., owned by Spanish infrastructure company Ferrovial SA and Australian investment bank Macquarie Group Ltd. In the agreement, the ITR, a 157-mile east-west toll road that directly connects the Chicago Skyway to the Ohio Turnpike was leased to the concessionaire for a period of 75 years. Project Description In 2006, Macquarie subsidiary and Ferrovial affiliate Cintra Infraestructuras (an international toll road operator) paid $3.8 billion to the State of Indiana for the right to operate the road for 75 years. The winning bid brought in twice the value that state-paid consultants had calculated for the lease, state records show. Lower-than-anticipated use of the road resulted in insufficient toll revenue to service the company’s debt. Even though earnings increased yearly from 2008 to 2013, they were lower than projected, forcing the company to devote an ever-greater share of operating income to debt service. The significant increase in debt, largely due to the financial structuring used, caused bankruptcy for the private consortium. The original financing package was structured as a nine-year, interest-only bullet loan hedged with a 20-year accreting interest rate swap whose rates were preset at 3 percent to 11.3 percent by 2023.
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Roadway Network
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Affidavit of Nonliability for Toll
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Q: Why Am I Being Charged This Fee? A: This $.03 Surcharge Reflects the Cost of Participation in Electronic Tolling Within the Group of E-Zpass States
Q: Why am I being charged this fee? A: This $.03 surcharge reflects the cost of participation in electronic tolling within the group of E-ZPass states. Because the majority of Indiana Toll Road’s customers use I-PASS transponders rather than an Indiana’s iZoom transponder, the Illinois Tollway bears the responsibility for customer service costs - $25 transponder, customer service calls, account maintenance, etc. During the summer of 2009 the Illinois Tollway began billing Indiana Toll Road Concession Company to recoup those customer service costs and now ITR has opted to pass those costs of doing business directly to I-PASS customers using the Indiana Toll Road and the Chicago Skyway. Q: The Indiana Toll Road/Skyway signage says the Illinois Tollway is charging this additional fee. A: That is incorrect. The Illinois Tollway has no ability to charge tolls or fees on any roadway system other than the Illinois Tollway. The private company that operates the Indiana Toll Road and the Chicago Skyway, has made the business decision to pass these operational costs on to I-PASS users. Q: Will the fee be deducted from my I-PASS account? A: I-PASS customers will be charged an additional 3 cents per toll on Indiana Toll Road roadways beginning January 1, 2010. Q: I only use the ITR, Can I avoid the fee by getting an i-Zoom? A: i-Zoom customers will not pay the surcharge. Any applicable i-Zoom account fees will apply. Q: Do I need to get an additional transponder? A: The Indiana Toll Road and Skyway will continue to accept E-ZPass and I-PASS transactions.
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2017 Sustainability Report
2017 SUSTAINABILITY REPORT ITR CONCESSION COMPANY LLC SAFETY.............................3 EMPLOYEES......................7 CUSTOMERS....................11 COMMUNITY....................13 As the operator of the Indiana Toll Road, the ITR Concession Company LLC strives to ENVIRONMENT.................14 deliver a world-class asset for our customers and communities. We seek to accomplish this objective by maintaining a long-term perspective in all aspects of our operation. We focus on delivering a safe, efficient and sustainable toll facility and in doing so, THE FUTURE....................17 continue to operate as a valued and trusted partner of the State of Indiana. On behalf of the ITR Concession Company (ITRCC), I am delighted to present our inaugural Sustainability Report. As a proud Indiana company, we are committed to being a valued employer of Hoosiers, supporting local businesses and serving our customers and communities in Northern Indiana. Our Vision and Values dictate that we deliver a safe, efficient and sustainable operation for our customers, employees and stakeholders. In doing so, we strive to deliver a world-class toll facility for the State of Indiana. The purpose of this report is to allow our Nicholas Barr President and CEO stakeholders to drill down into how we operate and to memorialize our core sustainability commitments and initiatives. It is our intention to measure, disclose and hold ourselves accountable against our sustainability objectives. While we certainly expect to deliver a strong financial performance to our shareholders, in doing so, we will not compromise our commitment to safety, our employees, customers, community and the environment. This Report embodies these beliefs. Looking across the organization, these MESSAGE FROM THE CEO MESSAGE FROM beliefs can be seen in tangible actions, initiatives and investment: through new employee benefits to support working families; our investment in new safety technologies; our financial commitment to Women & Minority-Owned Business and Indiana firms; and by our carbon offset initiatives.
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Leasing the Indiana Toll Road: Reviewing the First Six Years Under Private Operation
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