ITR Concession

What ITR Concession does

ITR Concession Company LLC (ITRCC) is a privately owned Delaware-domiciled LLC headquartered in Elkhart, Indiana, that operates, maintains, and rehabilitates the 157-mile Indiana Toll Road under a long-term Concession and Lease Agreement with the Indiana Finance Authority. The toll road spans Northern Indiana from the Illinois state line to the Ohio border and serves as a critical freight and commuter corridor linking Chicago to the Eastern Seaboard for a corridor population of more than two million people. ITRCC's principal revenue is generated through distance- and axle-class-based toll transactions collected at 21 toll plazas across the corridor, supplemented by E-ZPass transponder issuance and recurring account fees, oversize/overweight special hauling permits coordinated with the Indiana Department of Revenue, and ancillary income from eight travel plazas offering fuel and EV charging (Tesla and CCS via EVConnect/ChargePoint). The E-ZPass system is interoperable across 20+ states, supporting a distributed, self-serve go-to-market complemented by retail transponder distribution through CVS Pharmacy locations, Amazon e-commerce, direct mail via secure.indianatollroad.org, and TAGAAS bulk channels for commercial fleets.

ITRCC's operational technology stack comprises electronic toll collection via overhead antennae-based E-ZPass transponder readers, a proprietary Advanced Traffic Management System (ATMS), and a 157-mile fiber optic corridor the company designed and installed. The fiber network integrates Dynamic Message Signs (DMS) and CCTV cameras across the corridor under the PUSH 4 ITS Expansion Project, supports ITRCC's Wrong-Way Driver Detection & Alert System (the fourth award-winning ramp deployment as of February 2025), and was commercially extended to eX² Technology in 2021 for third-party regional connectivity. Capital intensity is high: ITRCC has invested over $600 million in infrastructure improvements since 2016, including the $200 million PUSH 3.0 program (reconstructing more than 30 miles of pavement, 17 bridges, and 4 interchanges) and the ongoing PUSH 4.0 program launched in March 2025 (covering mile markers 123–157, Eastpoint toll plaza upgrades, one interchange upgrade, and 26 bridge rehabilitations).

The company's customer base is horizontally segmented across individual commuters/occasional travelers (primary, via E-ZPass or cash), commercial trucking and fleet operators (Class 3–7 vehicles, including those requiring oversize/overweight permits), and a supplier/contractor base accessing ITRCC's procurement portal for construction and engineering bids. Procurement and construction must comply with Indiana Department of Transportation standards under the oversight of the Indiana Finance Authority. Beyond core tolling, ITRCC operates Project Michoacán (a monarch butterfly habitat biodiversity program along the corridor), 6 maintenance facilities, 5 salt barns, and engages in corridor community programs including a $100,000+ school food relief fund supporting 39 public school districts during COVID-19.

Name

ITR Concession

Legal name

ITR Concession Co. LLC

Website

https://indianatollroad.org

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

ITR Concession Company LLC (ITRCC) is a privately owned concession operator that finances, maintains, and operates the 157-mile Indiana Toll Road under a long-term lease with the Indiana Finance Authority, serving individual commuters, commercial trucking fleets, and regional travelers between Illinois and Ohio via distance- and axle-based tolls and E-ZPass electronic collection.

Ownership category

akta.pro rank

Product category

Highway Toll Road Concession Operations

akta.pro primary industry

Toll Violation Management, Collections & Dispute Resolution (TLAJABAG)

Keywords

• Toll road operations
• Electronic toll collection
• Highway concession services
• E-ZPass transponder sales
• Commercial trucking permits

Headquarters

HQ city

Elkhart

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Toll Collection Revenue: ITRCC collects tolls from all vehicles traveling on the Indiana Toll Road. Tolls are calculated based on distance traveled and vehicle class (2-7 axle classes). Both cash and electronic (E-ZPass) payment accepted. Tolls are paid at entry/exit plazas. The company is a privately owned concessionaire operating the 157-mile road under a Concession and Lease Agreement with the Indiana Finance Authority.
2. E-ZPass Transponder and Account Fees: Revenue from transponder sales ($25.00 per unit for 2-axle class), monthly management fees ($1.50/device/month), and optional paper statement fees ($1.00/month). Opening balance of $10.00 ($8.00 for retail transponders) and a one-time $15.00 issuance fee per transponder. Shipping and handling of $7.00 per online order.
3. Special Hauling Permits and Commercial Vehicle Fees: Revenue from oversize/overweight vehicle permits issued in coordination with the Indiana Department of Revenue. Permits are required for vehicles exceeding standard dimensions (width 12'+; height 14'6'+; length 65'+ for single vehicles, 53'+ for semi-trailer combinations; or exceeding weight limits). Permits allow travel Monday-Friday, 30 min before sunrise to 30 min after sunset.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

ITR Concession Company LLC (ITRCC) operates, maintains, and improves the 157-mile Indiana Toll Road across Northern Indiana under a long-term concession agreement with the Indiana Finance Authority. Its core commercial offering is toll road access via cash lanes and the E-ZPass electronic toll collection system interoperable across 20+ states, supplemented by E-ZPass transponder sales/account management, commercial trucking permits, and eight travel plazas with fuel and EV charging.

Product overview

ITR Concession Company LLC (ITRCC) operates and maintains the Indiana Toll Road — a 157-mile toll road spanning Northern Indiana from Ohio to Illinois — as a privately owned concession. The company's product portfolio centers on toll road infrastructure and electronic toll collection via the E-ZPass system, which is interoperable across 19 states. Supporting offerings include an online E-ZPass account management portal, a toll calculator tool, travel plazas with fuel and EV charging, commercial truck services (permits, dimensions, weight limits), commuter parking, and a procurement platform for construction and engineering suppliers. Major infrastructure improvement programs — including the multi-phase PUSH pavement rehabilitation initiative, the Northwest Bridge Project, and the PUSH 4.0 project featuring ITS expansion — represent significant ongoing product/service investments alongside environmental programs like Project Michoacán.

Differentiator

Problem solved

Functional benefit

Products and services

• Indiana Toll Road A 157-mile toll road spanning Northern Indiana from the Ohio border to the Illinois State line, connecting Chicago with the Eastern Seaboard. ITRCC is responsible for the construction, maintenance, repair, and operation of the toll road, which serves as the primary revenue-generating infrastructure asset managed by the company.
• E-ZPass Electronic Toll Collection An electronic toll collection system using transponders that allows drivers to pay tolls automatically without stopping. The system debits tolls from a prepaid account when vehicles pass through designated E-ZPass lanes. E-ZPass is interoperable across 20+ states and the Louisville-Southern Indiana Ohio River Bridges.
• E-ZPass Account Management Online self-service portal enabling account holders to register, manage vehicles, review transactions and statements, check balances, purchase additional transponders, report lost or stolen transponders, and request mounting strips.
• Toll Calculator An online tool that calculates the cost of a trip on the Indiana Toll Road based on entry/exit plazas, vehicle type (2–7+ axle), and payment method (Cash or E-ZPass).
• Travel Plazas Eight travel plazas (four eastbound and four westbound) along the 157-mile corridor offering restaurants, convenience stores, snack kiosks, gift shops, 24/7 fuel stations, Tesla EV charging, 50 kW CCS EV charging, dog/pet walk areas, WiFi, and E-ZPass sales kiosks. Plazas are located at Portage, Rolling Prairie, Elkhart, and Howe.
• Toll Payment and Dispute Services Services enabling drivers to pay unpaid tolls online, dispute incorrect toll charges, and request toll credit refunds. Non-E-ZPass customers and E-ZPass account holders each have dedicated dispute and payment pathways.
• Commercial Truck Services Specialized services for commercial truck drivers including dimension and weight limit information, lane widths at toll plazas, oversize/overweight permit guidance, special hauling permits, truck-only parking, make-up/break-up lots for triple trailer operations, and overnight accommodation reservation telephones.
• Special Hauling Permits Oversize/overweight vehicle permits issued in coordination with the Indiana Department of Revenue for vehicles exceeding standard dimensions or weight limits, with specific authorized travel hours and routes along the Indiana Toll Road.
• Procurement and Supplier Management Portal A procurement platform enabling suppliers to create accounts, access open bids, download bid packs, and submit proposals for construction, engineering, and maintenance projects along the Indiana Toll Road, with a two-year archive of closed projects.
• Commuter Parking Parking facilities available at multiple toll plazas and milemarkers along the corridor, supporting cars, trucks, and commuter vehicles with varying permit requirements.

Quantifiable outcome

• Over $600 million in infrastructure improvements invested since 2016
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Habitat for Humanity (Local Northwest Indiana Chapter)minorStrategic or Co-development Partner · 1 January 2022ITRCC partnered with the local Habitat for Humanity chapter in Northwest Indiana for a two-day home-building program in Lake Station and Gary, Indiana. Employees used volunteer days and ITRCC made a substantial financial contribution to assist with material costs.
• eX² TechnologycoreTechnology or Integration · 1 January 2021Following the design and installation of conduit and fiber optic cable along all 157 miles of the Toll Road, ITRCC partnered with eX² Technology to manage the digital infrastructure and market the conduit to possible clients to enable connectivity throughout the Northern Indiana region. This partnership supported virtual learning for over 7,000 students during the COVID-19 pandemic.
• Portage Township School DistrictminorOthers · 1 January 2020ITRCC's fiber optic corridor infrastructure along 157 miles of the Toll Road enabled connectivity supporting over 7,000 students in the Portage Township School District during virtual learning during the COVID-19 pandemic.
• E-ZPass Interoperability Network (20+ states)coreTechnology or IntegrationITRCC participates in the E-ZPass electronic toll collection network, which is interoperable across 20+ states including Chicago Skyway, Delaware, Florida, Georgia, Illinois State Toll Highway Authority, Kentucky, Louisville-Southern Indiana Ohio River Bridges, Maine, Maryland, Massachusetts, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Ohio Turnpike, Pennsylvania Turnpike, Rhode Island, Virginia, and West Virginia Parkways. This allows E-ZPass transponders issued by any participating agency to be used on the Indiana Toll Road.
• CVS PharmacycoreChannel Partner/ Reseller/ DistributorE-ZPass transponders are sold at participating CVS/pharmacy stores in Northern Indiana. Retail transponders are available for immediate purchase (no waiting for mail delivery) and are for 2-axle vehicles only. CVS is ITRCC's primary retail channel for instant transponder purchases.
• AmazonminorChannel Partner/ Reseller/ DistributorITRCC has partnered with Amazon for fast, free delivery of E-ZPass transponders. Customers can purchase transponders through itr.tagaas.com/amazon.html and receive delivery via Amazon's logistics network.
• Indiana Department of Revenue (DOR)coreOthersSpecial Hauling Permits for oversize/overweight vehicles on the Indiana Toll Road are issued by the Indiana Department of Revenue, located at 7811 Milhouse Rd., Suite M, Indianapolis, IN 46241. DOR can be reached at 317-615-7200, option 4.
• Indiana Department of Transportation (INDOT)coreOthersINDOT provides oversight and standards for construction projects on the Indiana Toll Road. ITRCC operates under the Concession and Lease Agreement with the Indiana Finance Authority, and construction must comply with INDOT standards and specifications. INDOT also approves triple make-up/break-up areas and LCV (Long Carrier Vehicle) permits.
• TAGAAScoreChannel Partner/ Reseller/ DistributorTAGAAS handles bulk orders of E-ZPass transponders for commercial customers, offering packages of 25 retail transponders. Orders can be placed through itr.tagaas.com/itr_retail.html.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Chicago Skyway: Privately operated toll bridge/road connecting the Indiana Toll Road's western terminus to the Chicago South Side, also using E-ZPass. Closest geographic and operational analog as a privately held concession using the same interoperability network.
• Pennsylvania Turnpike Commission: Operates the 550-mile Pennsylvania Turnpike, another large E-ZPass toll road with multi-axle vehicle classes and long East-West freight corridor focus. Closest large-scale analog for asset, customer, and revenue model.
• New Jersey Turnpike Authority: Operates the New Jersey Turnpike and Garden State Parkway — both E-ZPass corridors with class-based tolling and very large commercial trucking volumes. Direct comparator for revenue model, technology, and customer segments.
• Ohio Turnpike and Infrastructure Commission: Operates the 241-mile Ohio Turnpike forming the eastern continuation of the Indiana Toll Road corridor. Direct E-ZPass interoperability partner with same vehicle-class-based toll structure and commercial trucking mix.
• Illinois State Toll Highway Authority: Operates the parallel Illinois Tollway system (I-90, I-88, I-294, I-355) on which the same E-ZPass transponders used on ITR are valid. Direct functional peer: same electronic-tolling tech, same E-ZPass interoperability, directly substitutes or complements ITR traffic.

Broad incumbents

• Transurban: Large listed toll-road operator with US assets (e.g., I-95 Express Lanes, I-495/I-395). Same electronic-tolling/managed-corizon model and similar customer base of commuters and commercial users; benchmark for asset-multiple and concession valuation.
• Cintra (Ferrovial): Global toll-road developer and concessionaire (e.g., LBJ Express, NTE in Texas, 407 ETR in Canada). Comparable business model — long-term concession equity investor in toll infrastructure — but operates across geographies and asset types rather than focused on a single corridor.
• Macquarie Asset Management (MIRA): Major infrastructure investor that has owned and operated toll-road assets globally and historically held stakes in US toll concessions. Comparable as an institutional owner/operator of long-duration toll-road equity, not as a single-asset concessionaire.

Others

• E-ZPass Interagency Group: The interoperability consortium (19+ member agencies) that governs the E-ZPass system ITRCC participates in. Not a competitor but the closest functional peer for the electronic-tolling interoperability layer and a key dependency for ITR's technology stack.

Regional players

• Florida's Turnpike Enterprise: Operates ~500 miles of Florida toll roads, a SunPass (rather than E-ZPass) system but with comparable toll-road operations, customer mix, and infrastructure rebuild cycles. Useful benchmark for US toll-road operating economics in a different region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/indianatollroad

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITR Concession