At that point, Beshear and DeWine estimated the cost of the entire project at $2.8 billion total, with the anticipation that around $1.66 billion requested from the Infrastructure Law would go toward the new bridge’s funding.
Earlier in December, Governor Andy Beshear said he’s been waiting “on pins and needles” for the call that federal funding is approved for the project, which aims to build a brand new bridge across the Ohio River, next to the existing Brent Spence Bridge.
“Kentucky has already put up $250 million, we’ve budgeted for it, it is sitting right there ready to go,” he said in a Dec. 12 interview. “And if we get a phone call that says that we won those grant making processes, it’s on.”
The Brent Spence Bridge, built in 1963, carries roughly 3% of the nation’s GDP each year. It is considered “functionally obsolete.”
The bridge has officially needed a replacement since at least 1998, when the Federal Highway Administration determined it was no longer accommodating traffic needs.
The new project would keep local traffic on the existing bridge and the companion bridge would become an express path for highway traffic through the downtown Cincinnati and Covington corridor.