Illinois sets road maintenance budget

Illinois tollway has outlined its budget plans for 2017. The agency expects toll revenues to hit US$1.38 billion for 2017. The plans in the tentative budget call for 75% to be directed to develop infrastructure. Some $336 million will be used for operations and maintenance while $639 million will be used for capital investments. The combined figures planned in the tentative budget for operations and maintenance and capital investments represent an increase of $14 million over the combined sum for 2016. A
November 2, 2016 Read time: 1 min
Illinois tollway has outlined its budget plans for 2017. The agency expects toll revenues to hit US$1.38 billion for 2017. The plans in the tentative budget call for 75% to be directed to develop infrastructure. Some $336 million will be used for operations and maintenance while $639 million will be used for capital investments. The combined figures planned in the tentative budget for operations and maintenance and capital investments represent an increase of $14 million over the combined sum for 2016.

Another $2.4 million is planned to advance diverse parties to work on Tollway contracts. And $14.7 million is planned to support the implementation of an enterprise resource planning system. In addition, $65.3 million is planned to be spent on tracking toll avoiders, supporting I-PASS account management and maintaining the technology used for the tolling network.

Finance & Funding

Related Content

  • Global growth in machine rental
    May 20, 2015
    The machine rental sector is undergoing significant expansion worldwide – Dan Gilkes reports. Plant hire, equipment rental, leasing, call it what you will, being able to use a machine when and where you need it, with no further concerns relating to ownership costs, depreciation or sudden repair bills, remains a compelling argument for many contractors. Which is one of the main reasons for the continued growth in popularity of equipment rental across the world. Rental has been big business in the UK, the US
    Read More
  • UK’s Annual Local Authority Road Maintenance – ALARM – survey
    June 16, 2017
    Within years, one in six UK local roads will need repairs or face closure, according to the latest Annual Local Authority Road Maintenance – ALARM – survey. The cumulative effect of an ageing network, decades of underfunding, increased traffic and wetter winters has led to around 17% of all UK local roads reportedly in poor structural condition, with less than five years of life remaining. The 22nd annual ALARM survey is a comprehensive study into local road maintenance funding and conditions. Local authori
    Read More
  • Mobile LiDAR equipment working in Pennsylvania
    February 6, 2017
    Michael Baker International completed a US$7 million project for the US state of Pennsylvania collecting nearly 20 million data fields from over 8,600 traffic signals During the year-long project, the engineering, planning and consulting business worked with PennDOT’s Traffic Signal Asset Management System. It collected nearly 20 million data fields for each of the 8,623 traffic signals analysed. The data has populated a centralised database to support PennDOT’s planning, design, maintenance and oper
    Read More
  • Metro Pacific pushes for Cebu-Mactan bridge in the Philippines
    January 19, 2015
    Metro Pacific Investments Corp (MPIC) is in discussions to form a joint venture for construction of a toll bridge connecting the islands of Mactan and Cebu in the Philippines. Cebu is an island province that incorporates 167 surrounding islands and islets, one of them being Mactan, which lies immediately off Cebu Island, across from Cebu City. MPIC’s subsidiary, Metro Pacific Tollways Development Corp (MPTDC), is proposing an 8.3km bridge costing around US$380 million, according to local media reports
    Read More

Highlighted Content