Case Study I-69 Termination—What Went Wrong And How To Fix The P3 Model

Introduction

In 2014, the Indiana Finance Authority (IFA) accepted a lowball bid from a large Spanish contractor with no roadbuilding experience in Indiana to build a technically simple segment of I-69 near Bloomington under a 35-year DBFOM contract. Everything that could go wrong since then apparently did, and Indiana DOT took over the project in late July.

“They [Isolux Corsan] went in and bought the job and the industry will pay for it,” says Sia Kusha, of Aecom. “It’s a disaster.”

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About Bill Reinhardt

Editor of Public Works Financing newsletter

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