Milestone Contractors came in as the lowest bidder on a railroad overpass that will be built over the intersection of State Road 46 and State Road 11 on the city’s west side. The bid came in at about $25.5 million, with Force Construction close behind. Columbus City Council members earlier this month authorized the Columbus Redevelopment Commission to transfer $4.6 million in Central TIF District funds to a city-run pool of money that has been dispersing the local portion of funding for the project to the Indiana Department of Transportation, who is overseeing the project. Initially, INDOT’s cost estimate for the project was $30 million, and the city is responsible for putting together half of the project’s cost, or $15 million, according to the terms of an interlocal agreement between the city and INDOT. The state will pay for the other half of the project’s costs. The city has partnered with Cummins Inc., Bartholomew County and the Louisville & Indiana and CSX Railroads to defray around half of the local funding requirements in the interlocal agreement. Substantial completion of the overpass project is expected by the end of 2020 with finishes and landscaping continuing into 2021.
Source: http://www.therepublic.com/2019/10/27/local_company_low_bidder_on_project/
The Republic
Shelby Thomas
10/26/2019