BOISE – The Idaho Transportation Board unanimously approved a resolution Thursday that allows the Idaho Transportation Department to move forward with an agreement to develop a public private partnership to build the Northgate Interchange (Siphon Road) in Bannock County.
The overall project will connect parts of north Pocatello and Chubbuck to Interstate 15 near Siphon Road. Under the agreement, the Idaho Transportation Department (ITD) would administer the construction of the interchange portion of project and the other partners would construct connecting road infrastructure.
The partnership consists of Millennial Development, city of Chubbuck, city of Pocatello, Bannock County, Pocatello Development Authority and ITD.
“This interchange presents a unique opportunity to work closely with the private sector and other local agencies,” said Board Chairman Jerry Whitehead. “We understand why local residents are excited about this project. We think it will increase mobility and bring greater economic opportunity for the community.”
As part of the agreement, ITD and Millennial Development will share costs of building the $8.4 million interchange. The other partners will share the costs of building connecting infrastructure.
The agreement calls for the Millennial Development to pay $3.4 million up front and then ITD would contribute $5 million for the construction of the interchange.