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An agreement has been reached on how to design, build, finance, operate and maintain the proposed Illiana Corridor Project. The Indiana Finance Authority, INDOT and I-DOT will each procure their individual sections of the 47 mile access controlled highway, that would extend from I-65 in Indiana to I-55 in Illinois, with both states using their respective Public-Private Partnership laws to enter into a long-term concession agreement to develop and build the expressway. Each state expects to issue a Request for Qualifications this fall for private firms who are interested. Construction on the project is anticipated to begin in the spring of 2015.
The two states will continue to work together to coordinate schedules, technical provisions and tolling operations. They will also continue to coordinate under the National Environmental Policy Act as required by the federal government.
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