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Keyword: managelanes
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I-55 to see first P3 managed lane project in Illinois history
Illinois Gov. Bruce Rauner has announced with members of the state general assembly a plan allowing the Illinois Department of Transportation (IDOT) to add at least one additional lane in each direction to a 25-mile stretch of Interstate 55 near Chicago using a public-private partnership (P3) agreement. IDOT is allowed to use P3 agreements only if the general assembly adopts a resolution supporting a proposed project, a state law in place since 2011. This would be the first P3 managed lane project in the state. “By using existing resources to leverage private investment, we can build the type of infrastructure...
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