Thu October 3, 2013
Financing Options Discussed for New Northern Kentucky Bridge
Transportation officials in Kentucky and Ohio are working on a financing plan for a new bridge linking Covington and Cincinnati.
They say the bridge, with an estimated cost of $2.5 billion, is needed to ease congestion on the 50 year old Brent Spence Bridge, which carries Interstate-75 and 71 traffic over the Ohio River.
Kentucky Transportation Cabinet Spokesman Chuck Wolfe says that bridge remains sound and would still carry northbound I-71 traffic.
“Right beside it would be built this new bridge to carry all of I-75 plus southbound traffic of I-71, it’s like the Brent Spence, it (would be a) two deck bridge,” he said.
A financing plan must be submitted to Kentucky lawmakers before year’s end. Wolfe says tolls would likely fund much of the construction.
Work could begin in 2015.