FINANCIAL TIMES: One of the highest-profile US private toll road concessions is to seek bankruptcy protection, the latest sign of how a decline in traffic is threatening private investment in the crumbling US road network.
The Indiana toll road company, backed by Spain’s Cintra and two funds managed by Australia’s Macquarie, has struggled under a $US5.8bn debt load and will file for bankruptcy on Monday.
The decision to seek bankruptcy reflects rising indications that the century-long love affair between Americans and their cars might be cooling as young city dwellers are driving less… (more)
