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Kentucky |
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7/9/09-Gov. Steve Beshear has signed a bill into law that will help the state pay for mega-transportation projects. It also opens the door to the use of tolls to pay for new bridges.
Projects that stand to benefit include the $4.1 billion Ohio River bridges between Louisville and Southern Indiana. Another project that is expected to benefit is the reconfiguration of the interchange of Interstates 64, 65 and 71 in Louisville, known as Spaghetti Junction.
HB3 clears the way for the creation of state and local authorities to manage transportation projects. Both groups will be headed by Kentucky’s transportation secretary.
A state authority will help the state build and maintain bridges. The authority will be able to borrow money for projects without adding to the state’s overall debt. The bulk of the money will likely be repaid through tolls placed on the new bridges crossing the Ohio River. Tolls must be removed once the debt is retired.
Once tolls are put in place on the new bridges, Alexander cautions about the probability that nearby toll-free bridges could become off limits to trucks to make sure the state can fleece more truckers.
For projects that involve Indiana, the local authority will include Hoosier members. Kentucky’s other neighbors are not covered under the agreement.
6/26/09-A bill on its way to Gov. Steve Beshear would help the state pay for mega-transportation projects. It also opens the door to the use of tolls to pay for new bridges.
Meeting in special session, the Senate unanimously approved a funding approach for major transportation initiatives – those that cost more than $500 million. House lawmakers voted 86-10 to agree to changes. The votes cleared the path for the massive funding bill to the governor’s desk for his signature.
HB3 would create state and local authorities to manage transportation projects. Both groups would be headed by Kentucky’s transportation secretary.
A state authority would be created to help the state build and maintain bridges. The authority would be able to borrow money for projects without adding to the state’s overall debt. The bulk of the money would likely be repaid through tolls placed on the new bridges crossing the Ohio River. Tolls would be removed once the debt is retired.
For projects that involve Indiana, the local authority would include Hoosier members. Kentucky’s other neighbors would not be covered under the agreement.
For bill status, call 502-564-8100. In Kentucky, call 866-840-2835.
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