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

  • Scotland’s new Queensferry Crossing over the Forth Estuary
    December 23, 2015
    The new Queensferry Crossing under construction in Scotland will be the third landmark bridge spanning the Forth Estuary - Mike Woof writes When the new Queensferry Crossing over the Forth Estuary opens at the end of 2016, it will be the third landmark bridge to be built spanning this short stretch of water. Lying alongside the existing road bridge and the historic rail bridge, this new structure will be as groundbreaking as the two earlier crossings were at the time of their construction.
    Read More
  • Lobby harder and louder if you want better roads says UK transport politician Christopher Chope at PPRS Paris 2015
    February 24, 2015
    A huge leap in highway investment, more privately-run toll motorways and a stronger road industry lobby would all be welcomed by Christopher Chope, chairman of the UK’s highway maintenance all-party parliamentary group. Speaking exclusively to World Highways at the PPRS Paris 2015 pavement preservation and recycling summit, Chope said “yes, I would very much like to have a lot more capital investment in the roads sector. There are still too many pinch points out there … where one motorway meets another for
    Read More
  • Astec launches Don't Let America Dead End road repair campaign
    January 15, 2015
    A major US manufacturer of equipment for building and restoring roads is spearheading a national campaign to have the Federal Government increase funding for America’s much needed highway repairs. Ben Brock, chief executive of Astec Industries, based in Tennessee, is urging people in the transportation and related industries to send a message to their Congressman through the Don’t Let America Dead End website. Astec’s Don't Let America Dead End also includes a national trade ad campaign, direct outrea
    Read More
  • Houston, Texas is seeing fast expansion of population, with in vast increases in traffic
    October 9, 2018
    The US city of Houston is expanding fast and its transport system is having to be developed to cope
    Read More

Highlighted Content