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

  • Road maintenance crisis hits UK and US, as experts gather in Paris
    January 9, 2015
    The road maintenance crisis in the United Kingdom and the United States is deepening amid estimates that it will take millions of dollars to stop highway infrastructure from crumbling, including falling prey to potholes. A recent report by the BBC in the UK said that at least one municipal council, the city of Leeds, is facing a bill of nearly US$153 million to patch up its potholed roads. In the United States, Senator Bernie Sanders is t
    Read More
  • AIA welcomes Government cash for local UK road maintenance
    June 28, 2013
    The Asphalt Industry Alliance (AIA), which represents companies producing and laying the materials for asphalt roads, has welcomed the UK Government’s pledge to spend US$9.174 billion (£6bn) on local road maintenance for the period 2015/16 to 2020/21. Reacting to the spending commitment announced made by the Chancellor of the Exchequer, George Osborne , and the Chief Secretary to the Treasury, Danny Alexander, AIA chairman Alan Mackenzie said, “The AIA has been lobbying for additional funds to tackle the lo
    Read More
  • Atkins is working on major deals for Texas and Florida
    March 10, 2014
    Atkins is working on major contracts in Texas and Florida for tolling and design and build services respectively. In Texas the Department of Transportation (TxDOT) reselected Atkins as its state-wide prime consultant for toll-plaza planning, development, and implementation. Under the terms of the five-year, $10 million contract, Atkins is providing planning, development, infrastructure design and coordination, and construction oversight services, as well as system installation, integration, and testing serv
    Read More
  • Russian taxation on the rise
    December 3, 2012
    In Russia the Ministry of Transport proposal to introduce payment for the owners of heavyweight trucks over 12tonnes could increase cargo transportation tariffs by 10%. Consumer goods prices are also expected to rise, especially outside Moscow and St Petersburg. Leonid Shlyapnikov, CEO of Sovtransavtoekspeditsiya, thinks shipping companies may incur additional expenses on the installation of on-board computers, GLONASS navigators and placement on unified register. New norms and fees are to be added to the e
    Read More

Highlighted Content