The Indiana Department of Transportation awarded a $21.7 million contract to Chicago-based Walsh Construction for the new interchange at 106th Street and Interstate 69, INDOT announced Friday.
The project will add a two-lane, oval-shaped roundabout on 106th Street over I-69 with ramps to and from both directions of the interstate. The existing 106th Street bridge would be removed and replaced with two separate two-lane bridges that would each carry one direction of traffic.
The entire project, including right-of-way acquisition and engineering work, is expected to cost $34 million, according to preliminary estimates.
INDOT spokesman Nathan Riggs said the construction bid came in $4.6 million lower than expected, so the total cost of the project could also be lower. INDOT and the Federal Highway Administration will pay for $22.44 million of the project, Fishers is contributing $9.52 million and Hamilton County is paying $2.04 million.
Construction is expected to be completed by June 2017. Fishers has an agreement in place with retailer Ikea that requires the project to be finished by July 2017 so construction doesn’t interfere with the nearby store opening that fall.