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

  • Reason Foundation makes a case for more toll lanes in southern California
    November 24, 2015
    S public policy think tank the Reason Foundation has unveiled a detailed long-range transportation plan to reduce the traffic congestion that has plagued southern California for decades. The Reason Foundation plan would decrease southern California’s infamous gridlock by creating a connected network of variably priced toll lanes on all of the region’s major highways and expressways
    Read More
  • World Economic Forum report: how to accelerate infrastructure delivery
    May 20, 2014
    A new report from the World Economic Forum, Accelerating Infrastructure Delivery: New Evidence from International Financial Institutions, examines how the experience of international financial institutions (IFIs) can help bridge the growing infrastructure deficit. To accelerate economic growth, global levels of installed infrastructure, which currently stand at around US$45 trillion, need to grow to nearly US$100 trillion by 2030. To achieve this, governments need to increase public sector spending as a
    Read More
  • Syracuse models post-industrial revival for US cities
    August 13, 2015
    A connective corridor in Syracuse, New York State, could be a model for other post-industrial cities, as David Crawford discovers. The aim of the city of Syracuse’ 5.6km-long Connective Corridor in Onandaga County in upstate New York is to create a model ‘complete street’ for use in wider regeneration schemes. Key transport-sector components are traffic calming, high-quality transit with accessible passenger information, plus walkability and bike-friendliness.
    Read More
  • Developing an integrated WIM/ANPR enforcement system
    July 31, 2012
    The weigh in motion market remains especially buoyant and technological development continues to reflect this. Although there are major differences in operating philosophies, particularly between developed and developing countries, both the numbers of countries using Weigh In Motion (WIM) technology and the numbers of systems that they deploy are on the increase.
    Read More

Highlighted Content