COLUMBIA, SC (WCSC) - The South Carolina Transportation Infrastructure Bank (SCTIB) is meeting in Columbia Monday to talk about the future of the Mark Clark Expressway Completion Project.
Monday's meeting will focus on the intergovernmental agreement between the SCTIB, South Carolina Department of Transportation, and Charleston County.
The project has been delayed due to disputes over some costs associated with the project. The disputed costs include legal fees in the event that project permits are challenged.
The Completion Project will extend I-526, which currently stretches over 19 miles from Mt. Pleasant to West Ashley, onto James Island. The project will include an interchange at Folly Road and an extra seven to eight miles of interstate in order for I-526 to connect from Savannah Highway.
The Mark Clark Expressway Completion Project is separate from the I-526 Widening Project, which would add two extra lanes to the current interstate.
The State Infrastructure Bank has agreed to pay the $556 million price tag for the Completion Project.