Ohio River Bridges financing to be secured

The financing for the Ohio River Bridges project is expected to be complete before the end of the year.

Following the successful financial close of Indiana’s East Crossing P3 portion of the deal in March, the Kentucky Department of Transportation (KDOT) told P3 Bulletin that it had earmarked 12 December for successful close on the TIFIA loan, which will fund the Downtown Louisville-Southern crossing.

KDOT’s attorneys and underwriters are now working to secure the prospectus for the bonds, with an investor presentation scheduled to begin next week on the design-build deal, which will see the creation of a new I-65 bridge.

Indiana has already secured a deal with the WVB East End Partners consortium for the East Crossing, which will be procured as a P3 under a design, build, finance, operate and maintain framework.

Both proposals make up the core of the wider project, in addition to a number of related highway works.