By Nolan Miles
P3 Kentucky Staff Writer
When it comes to infrastructure projects, communities across the country share one common need: funding. The Bluegrass State is no exception. At a recent Joint Committee for Transportation held at the state’s capital, Kentucky Transportation Secretary Greg Thomas reiterated the concern many have to fund large-scale infrastructure projects.
Among the projects that hinge on the need for additional funding are the Brent Spence Bridge in Northern Kentucky and the I-69 Ohio River Crossing. Like the Ohio River Bridges Project, the I-69 Ohio River Crossing will rely on tolling as a feasible funding mechanism to complete the much-needed connection between Henderson, KY and Evansville, IN.
“As far as I-69 is concerned, our focus has always been making it financially feasible,” Mindy Peterson, spokesperson for the I-69 Ohio River Crossing, said. “The only way to move this project forward is to look toward tolling and how to make it as easy and financially feasible as possible.”
The Ohio River Bridges Project was a trailblazer when it came to finding additional funding to complete the multi-billion dollar project in 2016. At the time, it was the largest public-private partnership in the nation.
While many existing statewide projects have prepared to find additional funding to reach the finish line, Secretary Thomas believes the state should look for new ways to fund infrastructure improvements. Currently, there are $10.5 billion worth in transportation improvements needed across the state, with approximately $140 million of state funding going towards the projects.
Click here to read more from the Joint Committee for Transportation meeting.