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:
Costs
The overall cost to complete the project is $601,215.
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 |
Keywords
integrated corridor management, traveler information, traffic management
Cost ID: 2015-00352
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