This posting is a brief follow-up on a report on Indiana Public Media: How Much Money is Included For I-69 in the State’s New Roads Plan? As the report pointed out, the state’s new 5-year infrastructure investment plan (so-called Next Level Indiana) provides some funding for the final section of I-69 in Indiana, Section 6, which runs from Martinsville to I-465 in Indianapolis. However, as the report also notes, I-69 is not fully funded in the report.
The investment plan breaks out the investments by county. The following table shows the funding for I-69 by county (and also by segment in Marion County):
So, a total of $554M has been allocated for I-69 through 2022. It appears that the segments going through Morgan County have been fully funded, with allocations going down from there.
How does this compare to the overall costs of the project? The Draft Environmental Impact Statement (DEIS), Chapter 6 Comparison of Alternatives provides the following summary of the estimated costs by segment:
Alternative C4 (of which there are two variants) is estimated to cost approximately $1.5B. So at first blush it appears that Section 6 has been funded at around 36% through 2022.
Although the subsections don’t line up perfectly with county boundaries, they are pretty close. Subsections 1-4 are in Morgan County, going from Indian Creek (where Section 6 begins) to Banta Road in Morgan County. Using Alt C4A, total estimated costs are $515.7M, of which $263M (approximately 50%) is funded. Subsection 5 is in Johnson County, and it appears that approximately $153.2M out of $203.5M, or 75%, is funded. And Subsections 6-8 in Marion County appear to be funded at $138.1M out of a total cost of $785.1M (18%). There could, however, be some additional funding in the 5-year plan that isn’t labeled as I-69 — for examples, I-465 improvements — but are part of the overall cost of I-69 Section 6; I don’t know.
So I think one can draw two conclusions from this 5-year plan: (1) the final section of I-69 is not fully funded — not by a long shot. It isn’t clear whether the state will fund the gap by sustaining this level of investment beyond 2022, or through some sort of public-private partnership, or some other approach entirely; and (2) that while section 6 is not fully funded, the state has earmarked a substantial amount of funding for it, belying the claims of some that the state would just “declare victory” after section 5, and leave 37 to Indianapolis as-is. It is clear that the state is serious about completing the project, and is already committing substantial resources to complete it.