Ohio and Kentucky to use P3 model for Brent Spence Bridge

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Ohio and Kentucky to use P3 model for Brent Spence Bridge

Ohio Gov. John Kasich and Kentucky Gov. Steve Beshear have announced plans to use a public private partnership (P3) to develop the Brent Spence Bridge replacement and refurbishment project.

According to sources, the two states' transportation agencies are working together to develop a viable financial plan by the end of 2015.

The Brent Spence Bridge is a double decker, cantilevered truss bridge that carries Interstates 71 and 75 across the Ohio River between Covington, Kentucky and Cincinnati, Ohio. More than 170,000 vehicles cross the bridge each day. The structure is considered functionally obsolete in part because of a lack of a shoulder and smaller than standard lanes.

The project is expected to be developed on a design, build, finance and operation (DBFO) basis.

The total project investment is estimated at US$2.6 billion.

The project is a priority of the Kentucky Transportation Cabinet (KYTC) and state government officials expected to launch the RFQ in 2014, but the process is delayed. According to Steve Beshear, the cost of the project rises US$7 million for every month the project is delayed

In March 2014 we reported that a bill to allow P3s in Kentucky and necessary to develop the project had cleared its first legislative hurdle.

In April 2013, twenty three companies, or teams of companies, responded to an Ohio Department of Transportation inquiry designed to gauge private-sector interest in the project.

List of country news

Country news

  • February 10, 2015

    Greg Hulsizer joins HNTB Corporation as toll market practice leader

    Greg Hulsizer has joined HNTB Corporation as vice president and toll market practice leader in the West Division (USA). Read more
  • February 11, 2015

    CDOT's I-70 to use Public Private Partnership route

    The Colorado Department of Transportation (CDOT) has announced plans to develop the Interstate 70 East project  through a public private partnership (P3) project. Read more
  • February 12, 2015

    Harbert Independent Power Fund closes at $485 million

    Harbert Management Corporation (HMC) and Harbert Power, LLC have announced the final close of Harbert Power Fund V (HPF V), which invests in independent power assets in North America, with equity commitments of US$485 million. Read more
  • February 12, 2015

    Project finance attorney Mark Tibberts joins Baker & McKenzie

    Mark Tibberts has joined Baker & McKenzie as a partner, bringing more than 20 years of experience handling energy finance and transactional matters, both domestic and international. Read more
  • February 13, 2015

    City of San Jose issues RFQ for mixed-use urban PPP project

    The City of San Jose (USA), through its Office of Economic Development (OED), has launched a request for qualification (RFQ) for a mixed-use urban PPP project. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.