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.

Made Public Date

10/31/2012

Minneapolis, Minnesota, United States

I-394 Corridor: Minneapolis, Minnesota,

United States

Identifier

2012-SC00270

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 Costs	Annual O & M	Annualized Cost	Life-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