Chicago interchange project sees costs escalate

A huge jump in costs in threatening plans to build a new cloverleaf interchange in the Chicago area.
February 16, 2012 Read time: 1 min
RSSA huge jump in costs in threatening plans to build a new cloverleaf interchange in the Chicago area. The project originally was expected to cost US$580 million, however it is now likely to cost up to $700 million to construct. The interchange will provide a connection between the Tri-State Tollway and Interstate 57. But because of the massive increase in the expense of the project, it may no long meet requirements for federal funding. As a result, the existing financial plan may be declared void. Meanwhile as any federal funding that is offered has to be matched by local funding, there would still need to be a further $24 million of local funding, even if the existing financial support could be retained.

Related Content

  • Rainforest road repair and rehabilitation with stabilisation
    May 23, 2014
    A limited amount of aggregate and resources, including fuel, in the Riau province of Indonesia can challenge roadbuilders, but Indonesian contractor PT Harap Panjang overcame the obstacles on a recent project. The province rests in a tropical rainforest. The 2600mm of annual rainfall take a toll on the area’s roads, particularly those developed by oil company Chevron Pacific Indonesia. The remote roads were built to service Chevron operations, crucial to the economies of the city, region and country. The r
    Read More
  • Global pressures driving bitumen developments
    June 19, 2015
    A raft of global pressures is driving developments in the materials and equipment we use for the handling, storage and treatment of bitumen. The goal is to achieve better performance and longer life for less financial outlay, and at the same time overcome the challenges of inconsistent and varying bitumen supplies. Kristina Smith reports.
    Read More
  • Chicago Pneumatic supplying lighting for Middle East
    November 9, 2017
    Chicago Pneumatic has secured a major sale of its durable LED light towers in Kuwait. The firm’s authorised distributor General Transportation & Equipment Company (GTE) placed an order for 25 CPLT V15 LED models. The light towers will provide crucial illumination for a time-sensitive construction project being carried out by local contractor Al-Yousifi Engineering & Construction. GTE was originally asked to provide metal halide light towers by the contractor. However, due to the time and cost-sensitive
    Read More
  • Importance of continued transportation investment
    May 2, 2012
    The US infrastructure network requires urgent attention - * T Peter Ruane. America's transportation infrastructure was once the "shining light on top of the hill." Major investments in a national highway, bridge, transit, airport, port and waterway system during the 20th century paid great dividends. The free and efficient flow of goods and people across the 50 states led to unparalleled economic expansion. The mobility and prosperity resulting from an interconnected infrastructure was a model for the world
    Read More

Highlighted Content