Brent Spence Bridge

The Kentucky House has passed a bill that would allow the state to engage in public-private-partnerships, or P3s on major projects.

The bill passed 84-13 without an amendment that would have prohibited using a P3 to finance a toll bridge connecting Covington and Cincinnati.

A similarly amended bill was vetoed by Gov. Steve Beshear last year.

The bill’s sponsor, Democrat Leslie Combs, said P3s are necessary because the state is running out of money.

Waiting To Repair Northern Kentucky Bridge Costly

Dec 23, 2014

Democratic Gov. Steve Beshear says it will cost taxpayers $7 million every month lawmakers do not take action to replace the Brent Spence Bridge connecting northern Kentucky with Cincinnati.

The 50-year old bridge has no emergency shoulder and now carries twice the amount of traffic it was built to handle. But the $2.6 billion project has languished for years because northern Kentucky state lawmakers have adamantly opposed using tolls to pay for the bridge.

But Beshear told the Northern Kentucky Chamber of Commerce on Monday that waiting five years will cost the state an additional $400 million, using a 3 percent inflation figure from the Federal Highway Administration.

Beshear says he plans to meet with Ohio Republican Gov. John Kasich in January to come up with a plan to pay for the bridge.

Kentucky and Ohio to Study Bridge Funding Options

Dec 12, 2012

The governors of Kentucky and Ohio have announced an agreement to work together to find the money to replace the outdated Brent Spence Bridge.

Ohio Gov. John Kasich and Kentucky Gov. Steve Beshear agreed Wednesday to create a bi-state management team that will investigate funding options to replace the nearly 50-year-old span. The heavily used bridge carries traffic between the two states over the Ohio River and is considered obsolete.

Preliminary estimates for replacing the bridge run more than $2 billion.