Kentucky, Indiana Agree on Funding for Bridges Project

by Erica Peterson on December 29, 2011

A financing mechanism has been decided for the Ohio River Bridges Project, putting the project on track to start construction next year. Both Indiana and Kentucky have agreed to oversee and pay for half of the $2.6 billion project.

Kentucky will be responsible for building a new I-65 bridge, and improving the existing Kennedy Bridge and Spaghetti Junction. Indiana will oversee and pay for the East End portion of the project.

The final project is projected to cost $2.6 billion—$1.5 billion less than the plan that was originally proposed.

Tolls and traditional state transportation funding will be used to finance each span.

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