Ohio kicks off US$2.5 billion highway construction season

The Ohio government recently outlined the scope of the 2014 highway construction projects to be financed with funds borrowed against future Ohio Turnpike tolls. In total, 936 projects are planned at an estimated cost of US$2.5 billion. Planned projects include the widening of a section of I-75, a three-year project expected to cost about US$260 million, plus a US$28 million reconstruction of part of I-75, US$31 million in improvements to I-475/US 23 in Toledo's western suburbs, and the US$18 million McCo
April 11, 2014 Read time: 2 mins
The Ohio government recently outlined the scope of the 2014 highway construction projects to be financed with funds borrowed against future Ohio Turnpike tolls. In total, 936 projects are planned at an estimated cost of US$2.5 billion.

Planned projects include the widening of a section of I-75, a three-year project expected to cost about US$260 million, plus a US$28 million reconstruction of part of I-75, US$31 million in improvements to I-475/US 23 in Toledo's western suburbs, and the US$18 million McCord Road underpass in Holland.

Legislation approved last year permits revenue derived from the tolls to be spent not just on the turnpike, but on other roads deemed to have a connection to the toll road. The use of toll revenue, in turn, allows the 7609 Ohio Department of Transportation's traditional fuel tax revenue stream to be devoted to other road improvements, principally roads farther from the turnpike, but also including the state's contribution to work like the McCord project, which will replace a busy railroad crossing with a railroad bridge over the road.

For more information on companies in this article

Related Content

  • Approval for proposal to upgrade Pennsylvania’s transportation
    June 10, 2013
    Pennsylvania’s Senate leaders have approved a comprehensive proposal to fund the state’s transportation needs, saying the measure is vital to public safety and economic development. Once approved by the House of Representatives, the proposal will allow the state to invest more than US$2.5 billion in highways and bridges, transit agencies, railways, airports and ports. Pennsylvania has more structurally deficient bridges – nearly 4,400 – than any other state, and 23 percent of its 44,000 miles of state-owned
    Read More
  • Singapore plans changes to transit system
    June 13, 2018
    Singapore has the third-highest population density in the world and the numbers are continuing to grow. The government knows that transit is vital: David Crawford investigates the city state’s Smart Nation strategy. Transport is the most important of the five domains identified as the pillars of Singapore's far-reaching Smart Nation strategy, launched in November 2014 by prime minister Lee Hsien Loong with the aim of reaching fulfilment by 2024. Roads account for 12% of the island republic's 719km2 land ar
    Read More
  • Robust enforcement strategy needed for free flow toll roads
    January 10, 2012
    Timidity has no place in effective enforcement operations on free-flow toll roads, says the NRA's Cathal Masteron. What's needed is a robust strategy which starts big and reduces in size over time, rather than starts small and gains a reputation for being easy to avoid
    Read More
  • New York to pump $51.5bn into transit
    September 25, 2019
    New York’s Metropolitan Transportation Authority (MTA) has proposed investing $51.5 billion in the city’s subways, buses and railroads over the next five years. Janno Lieber, MTA chief development officer, says: “The proposed capital programme will be truly transformational – more trains, more buses, more service, more accessibility and more reliability.” The 2020-2024 Capital Plan would put $40bn into the city’s subways and buses and $6.1bn for 1,900 new subway cars to help mitigate delays. MTA also wa
    Read More

Highlighted Content