Cost

Development of an ICM strategy for 8-mile corridor in Minneapolis costs $601,215.

ICM project leverages existing systems and technologies to efficiently improve traveler information and traffic management.


October 2010


Summary Information

Summary

The concept behind the Integrated Corridor Management (ICM) initiative is based on the fact that freeways, arterial streets, and transit systems often incorporate considerable technology solutions to optimize performance of each individual system. The ICM initiative seeks to integrate these systems together, resulting in integrated corridor management. Therefore, the approach is to attempt to integrate existing technologies and strategies (adding some technologies as needed) to ultimately develop a fully integrated and optimized corridor centered on I-394 between Highway 55 to the north and as far south as Highway 7. This project is divided into three stages:
  • Stage 1: Develop Concept of Operations and Requirements
  • Stage 2: Analysis and Modeling
  • Stage 3: Deployment Consultation

Costs

The overall cost to complete the project is $601,215.

Stage
Cost
1
$272,189
2
$211,342
3
$117,684
TOTAL
$601,215



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Source

2010 ITS Annual Report

Author: Minnesota Department of Transportation, Office of Traffic, Safety and Technology, ITS Section

Published By: Minnesota Department of Transportation

Source Date: October 2010

URL: http://www.dot.state.mn.us/research/annual-reports/2010/mndot-research-services-2010-annual-report.pdf

System Cost

ICM development strategy - $601,215.

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Cost ID: 2015-00352