Tag: Illinois transportation funding

Roadbuilding

Illinois DOT releases 6-year, $11.2 billion infrastructure improvement plan

The Illinois Department of Transportation (IDOT) has released a transportation infrastructure plan that would provide $11.2 billion in fixes over six years. The FY2017-22 Proposed Highway Improvement Program would be an increase of $2.8 billion over a previous plan. “Our latest multiyear highway program is more promising than a year ago, but we still have our […]

June 8, 2016

Roadbuilding

Illinois Tollway refinances series 2008B bonds, saves $50.9 million

The Illinois Tollway has issued $333 million of series 2016A fixed rate refunding bonds that refunded $350 million of its Series 2008B bonds. These bonds will mature in 16-17 years and will reduce the agency’s bond principal and interest payments during fiscal years 2016 through 2032 by $50.9 million. “Refinancing these bonds at this time […]

December 28, 2015

Roadbuilding

Illinois releases 6-year, $8.4 billion highway improvement plan

The Illinois Department of Transportation plans to spend $8.4 billion on roads in the next six years, but it’s not enough to prevent what IDOT expects to be a “rapid deterioration” of the state’s roads. IDOT plans to focus the majority of the money on maintaining the state’s 1,431 miles of highway and 357 bridges, […]

May 18, 2015

Roadbuilding

Illinois House “fund sweep” bill to pull from road, construction funds to balance state budget

In a 69-48 vote, the Illinois House passed HB 318, a measure that would draw money from several designated programs, including road and construction funds, to go toward balancing the state budget and making up a $1.3 billion deficit. The bill would specifically take $250 million from the Road Fund, $50 million from the Motor […]

March 27, 2015

Roadbuilding

Illinois Tollway to invest $1.63 billion for transportation infrastructure in 2015

Illinois Tollway plans to spend $1.63 billion on transportation infrastructure improvements in 2015 as part of its $12 billion capital program, Move Illinois: The Illinois Tollway Driving the Future, the organization announced February 26. Illinois Tollway operates and maintains 286 miles of interstate tollways in 12 counties in northern Illinois. The 15-year Move Illinois program began in 2012 and is […]

February 26, 2015

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Illinois gets $10 million for transportation

Several areas outside of Chicago will receive about $10 million in federal grants that will be used to improve, maintain and expand public transportation, according to an Oct. 6 report from The Associated Press (AP). For the full AP report on the $10 million transportation funding, click here.

October 6, 2010