Dive Brief:
- Illinois and Indiana will each use state law covering public-private partnerships to get each state's portion of the Illiana Corridor built and operated.
- The Illiana Corridor will be a tolled, 47-mile-long connector between Interstate 65 in Indiana and Interstate 55 in Illinois.
- Requests for qualifications from each state are expected to go out this fall, followed by requests for proposals and construction beginning in spring 2015.
Dive Insight:
It took some bargaining to get the Illinois and Indiana departments of transportation and the Indiana Finance Agency lined up on a process for designing, building, financing, operating and maintaining the road. The states say the corridor will take truck traffic off secondary roads, produce 9,000 construction jobs and encourage economic development along the route, resulting in more jobs.