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Interstate 69 Extension SIU #3, Evansville to Indianapolis, Indiana: 2010–2024 $1.6 billion [15] (est.) Wekiva Parkway, Orlando, Florida 2001–2016 $1.4 billion [16] (est.) I-95 New Haven Harbor Corridor Reconstruction, New Haven, Connecticut: 1991–2003 $1.2 billion [17] E-470, Denver, Colorado: 1933–2007 $37 million 1937 $37 million ...
The construction of the Interstate Highway System cost approximately $114 billion (equivalent to $618 billion in 2023). The system has continued to expand and grow as additional federal funding has provided for new routes to be added, and many future Interstate Highways are currently either being planned or under construction.
The Federal-Aid Highway Act of 1952 authorized $550 million for the Interstate Highway System on a 50–50 matching basis, meaning the federal government paid 50% of the cost of building and maintaining the interstate while each individual state paid the balance for interstate roads within their borders.
"The old convoy had started me thinking about good, two-lane highways, but Germany had made me see the wisdom of broader ribbons across the land." His "Grand Plan" for highways, announced in 1954, led to the 1956 legislative breakthrough that created the Highway Trust Fund to accelerate construction of the Interstate System.
This is reflective of a national trend in escalating highway construction costs. According to national data, across the nation, project costs have gone up by two-thirds in just over three years
The COVID-19 pandemic caused a 39.6% spike in overall input construction costs since February 2020, according to an Associated Builders and Contractors analysis of BLS PPI data.
The entire project will take five phases and cost an estimated $2.08 billion. The Colonial Life Boulevard interchange and improvements to I-20 are phases one and two, which are expected to wrap up ...
In the United States, future Interstate Highways include proposals to establish new mainline (one- and two-digit) routes to the Interstate Highway System.Included in this article are auxiliary Interstate Highways (designated by three-digit numbers) in varying stages of planning and construction, and the planned expansion of existing primary Interstate Highways.