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

  • ITS market size ‘to reach US$38.68 billion by 2020’
    December 21, 2015
    The global ITS market is expected to reach US$38.68 billion by 2020, according to a new study by Grand View Research. Increasing demand for alleviating traffic congestion and growing need for enhancing existing transportation networks is expected to drive demand over the forecast period. Growing urban population and increased fund allotment by various governments across the globe is driving need for advanced transportation network. This is estimated to be fulfilled by proper use of wireless communication
    Read More
  • Inrix identifies the worst traffic hotspots in the 25 most congested US cities
    September 28, 2017
    Inrix has published its latest research on the worst traffic hotspots in America. Using Inrix Roadway Analytics, a cloud-based traffic analysis tool, Inrix analysed and ranked more than 100,000 traffic hotspots in the 25 most congested US cities. The economic cost of hotspots was also calculated in terms of wasted time, lost fuel and carbon emissions over the next decade. The research identified and ranked 108,000 traffic hotspots in the 25 most congested cities in the US identified by the INRIX Global T
    Read More
  • Cost benefit: Toronto retimings tame traffic trauma
    July 11, 2018
    Canada’s largest city reckons that it is saving its taxpayers’ money simply by altering the way traffic lights work. David Crawford reviews Toronto’s ambitious plans to ease congestion. Toronto, Canada’s largest metropolis (and the fourth largest in North America), has saved its residents CAN$53 (US$42.4) for every CAN$1 (US$0.80) spent over a 2012-2016 traffic signal retiming programme, according to figures released by its Transportation Services Division. The programme covered 1,275 signals (the city’s to
    Read More
  • Asecap Days delves beneath the surface of tolling
    August 8, 2017
    Colin Sowman picks his highlights from Asecap’s 45th annual Study and Information Days in Paris. European tolling association Asecap holds annual Study & Information Days, provides delegates with updates on the latest moves and thinking in the tolling sector and is a key meeting place for concessionaires from 22 countries. The importance of road transport to the French economy was highlighted by the country’s director general of transport infrastructures, François Poupard, in the opening session. He told th
    Read More

Highlighted Content