"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.
Tuesday, April 15 2014 4:22 PM EDT2014-04-15 20:22:22 GMT
LOUISVILLE, Ky. (WDRB) – Kentucky Gov. Steve Beshear said Tuesday he believes the Legislative Ethics Commission should re-open the inquiry into alleged ethics violations against former state Rep. JohnMore >>
Governor says ethics commission members should be present and reconsider action on Democratic state lawmaker accused of sexually harassing staffers.More >>
Friday, April 4 2014 6:19 PM EDT2014-04-04 22:19:31 GMT
LOUISVILLE, Ky. (WDRB) – A group of eastern Jefferson County residents are suing Louisville Metro government and several developers, arguing that the city planning commission's approval of a FedEx distributionMore >>
Residents are asking for recent planning commission decisions, including a proposed FedEx distribution center, to be ruled "null and void."More >>
Sunday, March 30 2014 6:00 AM EDT2014-03-30 10:00:07 GMT
Leaders say the project will help revitalize western Louisville. But Walmart's agreement with the city fails to answer key questions about the types of jobs that will be created and how hiring goals will be measured.More >>
Leaders say the project will help revitalize western Louisville. But Wal-Mart's agreement with the city fails to answer key questions about the types of jobs that will be created and how hiring goals will be measured. More >>
Tuesday, March 25 2014 9:51 PM EDT2014-03-26 01:51:17 GMT
LOUISVILLE, Ky. (WDRB) -- A Franklin Circuit court judge has ruled that the developers of the Bluegrass Pipeline cannot use eminent domain to secure private land to build the pipeline. Developers hadMore >>
A Franklin Circuit court judge ruled that the developers of the natural gas liquids pipeline cannot condemn land to secure easements for the project. More >>
Thursday, March 20 2014 6:47 PM EDT2014-03-20 22:47:18 GMT
LOUISVILLE, Ky. (WDRB) – The Metro Ethics Commission won't determine what steps members of the Metro Council must take to identify possible conflicts of interest on zoning issues.The panel instead votedMore >>
Council president Jim King had sought the opinion, which asked the ethics commission to determine if council members have an "affirmative duty" to discover potential conflicts in zoning cases.More >>