Monday, December 9 2013 9:54 AM EST2013-12-09 14:54:27 GMT
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INDIANAPOLIS (AP) -- An Indiana panel has tentatively awarded a new Ohio River bridge project to a group of partners that plans to complete the project by late 2016.
The Indiana Finance Authority gave preliminary approval Friday to a proposal by WVB East End Partners, a team that includes Walsh Investors, VINCI Concessions and Bilfinger Berger. Three other firms also submitted bids.
The finance authority will meet Dec. 3 to consider final approval, and Gov. Mitch Daniel will then make a final decision on the contractor.
WVB East End Partners says it would complete the bridge between Utica, Ind., and Prospect, Ky., by October 2106 at a cost of $763 million. That's 23 percent below previous estimates.
Daniels says the lower cost would likely allow for lower tolls for motorists using the bridge.