Project Overview

The I-69 Section 5 project will reconstruct and upgrade 21 miles of State Route 37 (an existing four-lane divided highway southwest of Indianapolis) between Bloomington and Martinsville, Indiana to full Interstate highway standards. The $466 million project includes four new interchanges and four new overpasses, in addition to improvements at existing interchanges and a third travel lane in each direction within urban areas along the corridor.

I-69 Section 5 is one segment of a planned Interstate highway that would extend from Michigan to Texas and facilitate trade and mobility between Canada, the United States, and Mexico. A portion of the I-69 route, from Indianapolis to Port Huron, Michigan, was constructed as part of the original Interstate System, and additional segments of the full route have opened to traffic or are under construction in other states. The project is one of two segments of I-69 yet to be built in Indiana.

The Indiana Finance Authority (IFA) and the Indiana Department of Transportation (INDOT) are developing I-69 Section 5 through a 35-year design-build-finance-operate-maintain public-private partnership (P3) with I-69 Development Partners. The private developer will finance and build the project in return for milestone payments after meeting established construction goals, and annual availability payments based on the quality and performance of the facility throughout the concession period.