Cost

Costs to deploy an Integrated Corridor Management (ICM) system in Minneapolis for ten years is estimated at $3.96 million.

Results of the AMS ICM Phase 2 study for the ICM Pioneer site in Minneapolis, Minnesota.


November 2010
I-394 Corridor,Minneapolis,Minnesota,United States


Summary Information

Assuming a 10-year life cycle for all components, the total annualized cost for all the ICM deployments for the I-394 corridor is $0.47 million, which translates to $3.96 million in total life-cycle costs.

The subsystem costs are as follows:

      ICM Strategy
Capital CostsAnnual O & MAnnualized CostLife-Cycle Costs
Earlier Information Dissemination$285,000$30,000$63,786$538,060
Transit Signal Priority$457,106$85,346$139,535$1,177,024
Comparative (Mode & Route) Travel Times$636,800$25,000$100,492$847,683
Park-and-Ride Parking Availability Info$532,002$85,346$148,414$1,251,921
Parallel Arterial Signal Timing$125,000-$14,819$125,000
HOV Open to All (during major incidents)$25,000-$2,964$25,000
Total$2,060,908$225,691$470,010$3,964,688
Adopted from Table 6.7: I-394 ICM Cost Details, Source: Mn/DOT



Notes

Initial costs for implementing ICM on the I-394 corridor in Minneapolis are likely lower than many other corridors across the US due to a large amount of existing ITS infrastructure already in place.

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Source

Integrated Corridor Management: Analysis, Modeling, and Simulation for the I-394 Corridor in Minneapolis, Minnesota

Published By: U.S. DOT

Prepared by Cambridge Systematics for the U.S. DOT

Source Date: November 2010

EDL Number: Forthcoming


System Cost

Initital capital costs: $2.06 million
Yearly operations & maintenance costs: $0.23 million

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Cost ID: 2012-00270