- Briefing Room
Louisville, Kentucky / Southern Indiana
|Project Borrower / Sponsor||
Kentucky Public Transportation Infrastructure Authority (KPTIA)
Kentucky Transportation Cabinet (KYTC)
The Downtown Crossing project includes the new Abraham Lincoln Bridge across the Ohio River, and associated roadway and facilities, connecting Louisville, Kentucky and Clark County, Indiana. The bridge carries six lanes of northbound I-65. The existing Kennedy Bridge, located immediately upstream is being rehabilitated and reconfigured to carry six lanes of I-65 southbound. The project also includes improved and expanded approaches and the reconstruction of the Kennedy Interchange between I-65, I-64, and I-71 in downtown Louisville to eliminate design deficiencies and safety hazards.
$1,478 million (YOE, including financing and interest)
GARVEE bonds - $337 million
Project revenue bonds - $272 million
TIFIA loan - $452 million
Bond Anticipation Notes (premium) - $41 million
Federal and state funds (Kentucky) - $342 million
Federal and state funds (Indiana) - $34 million
|Project Delivery / Contract Method||
Design-builder - Walsh Construction
|Project Advisors / Consultants||
Oversight assistance (construction oversight, inspection, and quality control)
To USDOT TIFIA JPO
Bondholders, USDOT TIFIA
|Duration / Status||
Design-build team selection on November 15, 2012.
Construction began June 18, 2013.
Abraham Lincoln Bridge opened to traffic December 2015.
Substantial completion of all project elements expected by December 2016.
|TIFIA Credit Assistance||
Direct Loan - $452 million
The TIFIA loan and the toll revenue bonds are backed by Kentucky's 50 percent share of the toll revenue generated from the combined Ohio River Bridges project.
The TIFIA credit agreement was signed on December 12, 2013.
|Related Links / Articles|