Isolux Corsanhas avoided default by meeting its deadline to provide a remedial completion schedule to I-69 Development Partners. However, details of the new schedule have not been made public.
"We've submitted to the developer by the deadline," said Sam Newton, Isolux's contracts manager for the Interstate 69 Section 5 project. "Comments other than that will have to come from the developer."
A voice mail message left for Christian Harper of Weber Shandwick, the New York-based company that started handling public relations for I-69 Development Partners in September, was not returned by the deadline for this story.
The Indiana Finance Authority hired I-69 Development Partners in February 2014 as the developer for the Section 5 project, which calls for converting 21 miles of Ind. 37 from Bloomington to Martinsville into I-69. The development firm— which also is supposed to finance, operate and maintain the new interstate — contracted with Isolux to design and build it. I-69 Development Partners has issued multiple default notices to Isolux in recent months saying it failed to live up to the terms of that contract.
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