What is the latest status of the project “I-494 Construction Project Phase 1 and Phase 2”?

The status recorded for “I-494 Construction Project Phase 1 and Phase 2” is under construction.

What is the budget and commercial profile for the project “I-494 Construction Project Phase 1 and Phase 2”?

Taiyo normalizes the budget of “I-494 Construction Project Phase 1 and Phase 2” to USD 750000000.

Where can I verify the source and access all details for “I-494 Construction Project Phase 1 and Phase 2”?

This Taiyo project page references Axios along with the original URL (https://www.axios.com/local/twin-cities/2026/04/01/road-construction-minnesota-494-phase-2). Taiyo standardizes official data into a consistent, searchable project profile.

I-494 Construction Project Phase 1 and Phase 2

Sector: Bridge • Location: Minneapolis, Edina, Minnesota, United States

Source: Axios

Project

Under Construction

Phase 1 is the last summer of a four-year construction project on I-494 between the airport and Edina. Phase 2, added in 2024 with a $138 million federal grant, will run from 2027 to 2030, adding EZ Pass lanes, reconstructing interchanges and bridges, and including pavement restoration and bridge rehabs.

Status: Under Construction
Sector: Bridge, Road, Airport, Government
Location: Minneapolis, Edina, Minnesota, United States of America
Updated: 22 Jul 2026
Source: Axios

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The project “I-494 Construction Project Phase 1 and Phase 2” is an infrastructure initiative in the Bridge sector, located in Minneapolis, Edina, Minnesota, United States. Taiyo aggregates data on it from Axios.

Participants

Not available for this record.

Status

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Phase 1 is the last summer of a four-year construction project on I-494 between the airport and Edina. Phase 2, added in 2024 with a $138 million federal grant, will run from 2027 to 2030, adding EZ Pass lanes, reconstructing interchanges and bridges, and including pavement restoration and bridge rehabs.
Original sector	Transportation
Budget

Location

Country	United States of America (USA)
State	Minnesota
City	Minneapolis, Edina

Source

Source	Axios
URL

More Details

Record type	Project
Sector	Bridge, Road, Airport, Government
Article published date	2026-04-04

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I-494 Construction Project Phase 1 and Phase 2

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