updated: 12/29/2011 9:00:09 PM
A deal has been reached on a basic plan to finance and build the Ohio River Bridges Project. WAVE-TV in Louisville reports an agreement in principle has been struck among Indiana Governor Mitch Daniels, Kentucky Governor Steve Beshear and the Louisville and Southern Indiana Bridges Authority. The deal means construction is still expected to begin next year.
WAVE-TV reports Indiana would finance and build the East End portion of the project, which includes a new bridge near Utica and Prospect, Kentucky.
Indiana would also be responsible for a new highway linking the Lee Hamilton Expressway and Gene Snyder Freeway.
A tunnel in Eastern Jefferson County is also expected to be covered by the Hoosier state.
Kentucky would handle a new I-65 bridge, new decking for the Kennedy Bridge, modernizing the Kennedy Interchange and expansion the approach to I-65 in Indiana.
Both states are expected to use a combination of transportation funding and tolls to pay for the project.