Indiana News

Illiana Expressway Eligible for Low-Interest Loan

MUNSTER, Ind. (AP) _ The proposed Illiana Expressway linking northwestern Indiana with Chicago's south suburbs is eligible for a low-interest federal loan for up to one-third of the cost of the $1.5 billion project.
 
The Times reported Monday Indiana and Illinois can apply for a Transportation Infrastructure Finance and Innovation Act loan for the 47-mile toll road that would run between Interstate 65 near Lowell and I-55 near Wilmington, Ill.  
 
Indiana Public Finance Director Kendra York says the project is a good candidate for the loan because it would improve interstate commerce.
 
The two states' transportation departments are preparing a final environmental impact statement to be submitted soon for federal approval. The states hope to receive that approval this spring.

Related posts

Missing Woman’s Family Hopes for Best Amid Deaths

Dean Jackson

Warning Issued for Lake-Effect Snow in N. Indiana

WOWO News

Gun Control Activists Lobby Indiana Lawmakers

Kayla Blakeslee