- Kentucky And Ohio Ask USDOT To Provide $1.66 Billion For Brent Spence Project
- Global Infrastructure Partners Closes On Investment In Italian Toll Road Concession
- These are just some of the toll industry developments TRN is following.
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Kentucky And Ohio Ask USDOT To Provide $1.66 Billion For Brent Spence Project
Associated Press reports, Ohio and Kentucky yesterday they jointly submitted an application for $1.66 billion in IIJA funding for the Brent Spence Corridor Project. The project’s fulcrum, the obsolete bridge that carries I-71 and I-75 across the Ohio River in Cincinnati, “has become a bottleneck on a heavily used freight route that connects the Midwest and the South. Its traffic woes have been a symbol of the nation’s growing infrastructure needs for decades.”
A joint gubernatorial news release announced the filing of the application and summarized the objectives of the project.
WVXU reports, the requested funding, which the states are seeking through USDOT’s Multimodal Projects Discretionary Grant program, would cover about sixty percent of the project’s $2.77 billion cost. The article notes, “The idea of a new bridge has been in the works for decades, but the states have had trouble deciding how to pay for it.” (WVXU, like most other media outlets reporting this story, neglected to mention that the “trouble” centered around resistance in Kentucky to toll funding of the project.)
Brent Spence Bridge (Cincinnati OH-Northern KY) Infrastructure Investment Trends Kentucky Kentucky Transportation Cabinet Ohio Ohio Department of Transportation (ODOT) US Department of Transportation (USDOT) US Gov't Transportation Funding US Infrastructure Funding And Financing InitiativesGlobal Infrastructure Partners Closes On Investment In Italian Toll Road Concession
Global Infrastructure Partners announced yesterday that it closed on a €450 million (US$480.9 million) secured notes investment in Superstrada Pedemontana Veneta’s holding company. The facility, a concession controlled by Sacyr and Fininc, is “a 96-kilometer greenfield toll road project in the final stages of construction in the Veneto Region of Italy. The project is underpinned by availability payments from the investment grade rated Veneto regional government and has garnered significant focus from the Italian government as a highly strategic infrastructure investment critical to supporting economic growth.”
Global Infrastructure Partners Infrastructure Investment Trends Italy P3 & Privatization SacyrThese are just some of the toll industry developments TRN is following.
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