The Herald Bulletin

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September 20, 2012

Gregg seeks $500M for transportation investment

INDIANAPOLIS — Democratic gubernatorial candidate John Gregg says Indiana should create a $500 million investment fund to pay for road projects.

Gregg said Thursday he would build the fund with the state's gas tax revenues and money left over from Gov. Mitch Daniels' leasing of the Indiana Toll Road.

Indiana's next governor will have to find a new way to pay for road improvements now that most of the money from the 75-year lease of the toll road is gone.

Republican candidate Mike Pence has said he wants to study the issue first before coming up with a plan. He has also said the state should partner more with private companies to build new roads.

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