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Ohio Turnpike and Infrastructure Commission
The Ohio Turnpike and Infrastructure Commission operates 241 miles of toll road in northern Ohio, reinvesting revenue into maintenance and a public...
Ohio Turnpike and Infrastructure Commission
The Ohio Turnpike and Infrastructure Commission was created in 1949 by the Ohio General Assembly to construct and operate the Ohio Turnpike. Ferzan M. Ahmed was appointed Executive Director in 2019, overseeing the agency's dual role as toll-road operator and steward of a financial portfolio derived from toll revenue and state appropriations. The commission's core asset is the 241-mile Ohio Turnpike, designated I-80, I-90, and I-76. Revenue funds road maintenance, snow removal, and capital improvements, while surplus is invested in a portfolio of fixed-income and cash equivalents. The agency partners with the Ohio Department of Transportation and the Ohio State Highway Patrol. Commercial assets include service plazas—Tiffin River, Blue Heron, Great Lakes, and Towpath—each generating ancillary income. The commission employs roughly 900 full-time and seasonal workers. It maintains an investment portfolio, though specific allocation details are not publicly disclosed. In 2024, the commission hosted the 92nd Annual Meeting of the International Bridge, Tunnel and Turnpike Association and was named Northeast Ohio Employer of the Year by WTS. Unlike private toll-road operators, the Ohio Turnpike and Infrastructure Commission is a public agency with a statutory mandate to reinvest all net revenue into the system. The commission is governed by a board appointed by the governor, and its financial reporting is subject to Government Finance Officers Association standards.
General information
Firm type
Operating Fund
Year founded
1949
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Berea
Corporate office
Berea, OH, United States
Principals
Ferzan M. Ahmed
Executive Director
Jerry N. Hruby
Chairman of the Commission
Sector focus
Frequently asked questions
Who runs investment decisions at the Ohio Turnpike and Infrastructure Commission?
Investment decisions are managed by the commission's Executive Director, Ferzan M. Ahmed, under the oversight of a board appointed by the Ohio governor. The commission invests toll revenue surplus in a portfolio of fixed-income and cash equivalents, though specific allocation details are not publicly disclosed (public record).
Is the Ohio Turnpike and Infrastructure Commission structured as a private fund or a public agency?
The commission is a public agency created by the Ohio General Assembly in 1949. It operates as an infrastructure owner-operator, not a private investment vehicle, and is subject to state transparency and reporting requirements.
What assets does the Ohio Turnpike and Infrastructure Commission manage?
The primary asset is the 241-mile Ohio Turnpike (I-80, I-90, I-76). It also owns four service plazas: Tiffin River, Blue Heron, Great Lakes, and Towpath, plus a fleet of snow and ice removal vehicles and a connected vehicle fleet for operations.
How does the commission generate revenue and what is it used for?
Revenue comes from toll collection and ancillary services. It is used for road maintenance, snow removal, capital improvements, and debt service. Surplus is invested in a conservative portfolio of fixed-income instruments.
Does the Ohio Turnpike and Infrastructure Commission partner with other entities?
The commission partners with the Ohio Department of Transportation on projects and with the Ohio State Highway Patrol for policing and aviation services along the turnpike.
What investment stages does the commission typically target?
The commission does not target specific investment stages. Its investment activity is limited to managing toll revenue surplus, which is deployed into fixed-income and cash equivalents rather than equities or venture capital.
Does the commission have any professional affiliations?
The commission is a member of the International Bridge, Tunnel and Turnpike Association and has received recognition from the Women's Transportation Seminar and the Government Finance Officers Association.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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