The Indiana Department of Transportation says it will shut down the I-465 lanes running westbound and southbound between I-65 and I-70 on the city's southeast side beginning Friday night.

An official says the Port of Indiana-Burns Harbor plans to invest nearly $20 million over the next four years as part of an effort to boost its cargo handling capacity.

The largest allocations from the city go to three categories: 22% for public safety initiatives, 25% for the broadly defined "public services," and 38% for criminal justice services.

The latest round of federal airport infrastructure grants to Indiana includes $4.74 million to Indianapolis International Airport for taxiway and apron rehabilitation and security enhancements.

The long-planned project is designed to improve the I-65 / I-70 interchange near downtown Indianapolis. INDOT says the interchange, which is the second-most heavily traveled in the state, has been deteriorating for years.

WFYI's Taylor Bennett speaks with Indiana Department of Transportation spokesperson Mallory Duncan about the ongoing work, and when INDOT expects to be be completed.

Floyd County's commissioners say the grant will help the county expand its industrial base by accommodating high-tech businesses at the Floyd County Tech Park.

In the new model, counties in the region would contribute a small fraction of their future income tax growth to a regional fund, which would be distributed to each county based on how much its roads are used.

The Indiana Department of Transportation says the eastbound lanes of Interstate 265 in Floyd County between Charlestown Road and Interstate 65 were back open.

Indianapolis has a plan to invest $400 million into infrastructure over the next four years, but it's not enough. Officials say the fundamental problem is how they get funding from the state.