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

  • DG MOVE’s Christos Economou on the EU’s vision for road transport
    July 26, 2013
    Christos Economou, Deputy Head of Unit dealing with land transport within the European Commission’s DG MOVE, describes a new framework for road charging in Europe to Jason Barnes. Within the European Union (EU), two Directives shape the legislative framework on road charging. Directive 1999/62/EC sets up a number of rules to make sure that national road charging schemes do not distort competition on the internal market or discriminate between hauliers. It is misleadingly called ‘Eurovignette’ after the comm
    Read More
  • Chile launches ambitious transport plan
    November 7, 2014
    In an effort to boost a weakening economy, Chilean President Michelle Bachelet has announced a nearly US$4.2 billion transport infrastructure plan, including one new metro line in Santiago, cable car systems in three other cities and rail projects. The plan includes US$1.9 billion in new concessions, with the expansion of public-private partnerships (PPPs) to the metro system and US$2.2 billion in works directly funded by the government. In Santiago, the program involves developing feasibility studie
    Read More
  • Victorian Government to fund second river crossing
    April 18, 2016
    The Victorian Government in Australia is to provide the full funding for the Western Distributor Project, a second river crossing which includes the Monash Freeway Upgrade and upgrades to Webb Dock, after the Federal Government rejected a request for a contribution to the funding. Construction of the US$4.2 billion (AU$5.5 billion) Western Distributor will start in 2017, local motorists paying for the rest of it with tolls extended until 2045. The Government and Transurban in Australia have now signed
    Read More
  • European EV charging infrastructure market set to boom
    May 16, 2012
    Electric vehicles (EVs) have gained significant attention over the last few years from various European governments as they look to promote the deployment of EV charging infrastructure. According to new analysis from Frost & Sullivan, contained in 'Strategic Analysis of the European EV Charging Station Infrastructure' there are strong indicators that the EV market will grow from less than 10,000 public charging points in 2010 to close to two million public charging points by 2017. Some three per cent of thi
    Read More

Highlighted Content