Upgrades to State Road 37 for I-69 contracted
The Indiana Finance Authority and Indiana Department of Transportation have finalized the contract with I-69 Development Partners to design, build, finance, operate and maintain I-69 Section 5.
The project involves rehabbing and upgrading 21 miles of the existing, four-lane State Road 37 to interstate standards between Bloomington and Martinsville.
The private activity bonds that will finance the project are expected to be issued by I-69 Development Partners in late June.
The 21 new miles of interstate are scheduled to open by the end of 2016, several years ahead of schedule.