"Approval of this loan underscores the importance of the Ohio River Bridges Project to our national transportation system," Beshear said in a news release.
Last week, the Kentucky authority in charge of the state's part of the $2.6 billion project -- a new downtown bridge and a reconfigured Spaghetti Junction interchange -- approved issuing bonds that will require $2.1 billion in tolls from drivers to pay back over the next four decades.
Indiana has already financed a new upriver bridge between Utica, Ind., and Prospect, Ky.
Construction is underway on both segments of the project.
Wednesday, February 19 2014 8:10 AM EST2014-02-19 13:10:54 GMT
FRANKFORT, Ky. (WDRB) – A bill that would give state oversight to the proposed Bluegrass Pipeline heads before a House committee on Wednesday. Oil and gas pipelines would need approval from the Kentucky PublicMore >>
Measure would add Public Service Commission oversight to condemnation process for oil and gas pipelines in Kentucky.More >>
Friday, February 14 2014 5:04 PM EST2014-02-14 22:04:35 GMT
LOUISVILLE, Ky. (WDRB) – The pipeline explosion that rocked rural Adair County early Thursday is the first "significant incident" involving a gas transmission line in Kentucky since 2012, according toMore >>
Columbia Gulf Transmission had highest level of proposed fines from 2006-11, according to analysis; explosion is Kentucky's first "significant" pipeline incident in two years, federal records show.More >>