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March 29, 2013

Indiana reaches financial close on east-end bridge

Construction expected to start in May

(Continued)

CLARK COUNTY —

Earlier this month, a consulting company preparing a traffic and revenue study for the bridges project told the Kentucky Public Transportation Infrastructure Authority board that frequent commuters can expect $1 tolls each way on three area bridges. Other fees are projected at: $2 for nonfrequent, two-axle vehicles; $5 per medium truck; and $10 per heavy truck.

Toll rates have not been finalized and will be the job of a Kentucky-Indiana Joint Tolling Board, which includes leaders of the two states’ transportation and finance agencies. A final traffic and revenue study is expected sometime in April.

Both states have committed to use all-electronic tolling, in which users of the bridges can pay tolls via a vehicle-mounted electronic transponder that sends a signal to the tolling devices that debits the cost from an established account or a high-resolution video that captures images of a vehicle’s license plate and then send bills to the bridge users.

Wingfield said that the state achieved a number of firsts on its portion of the bridges project and added that the bonds sold earlier this month received highest rating possible for bonds.

“We feel that this was tremendously successful for us in Indiana,” he said.

According to the release, WVB East End Partners expects to start construction in May.

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