69 BridgeLink Commends KY Governor Matt Bevin and KY General Assembly For Critical Funding in 2016 Legislative Session
(Henderson, KY)- The Board of Directors for 69 BridgeLink commend the leadership and support for the I-69 bridge project by Kentucky Governor Matt Bevin and the Kentucky General Assembly during the 2016 legislative session.
The passage of HB 309 will allow Public-Private Partnership (P3) financing in the Commonwealth. A P3 allows the Kentucky Transportation Cabinet (KYTC) a critical new financing tool to begin to build this critical piece of infrastructure.
The bold actions of the Governor and Legislature to invest $28.8 million in pre-construction funding for the I-69 bridge found in the Commonwealth’s transportation budget over the next three years will prove to expedite the economic development and prosperity for Western Kentucky and Southwest Indiana. Here is a breakdown of the funding:
FY ’16- Planning/Environmental work: $2.8 million
FY ’17- Design work: $6.0 million
FY ’18- Right of Way work: $20.0 million
With an eye to the future, the General Assembly also included another $15 million for utility work in their recommendation for later years.
“The priorities laid out in the Kentucky legislature are so important to moving this project forward,” said BridgeLink Chairman Bob Koch. “$28.8 million in funding is a huge commitment by Governor Bevin and the Kentucky Legislature. We applaud their leadership and vision for this project. We will continue to work with Governor Mike Pence, the Indiana General Assembly, and INDOT to secure adequate funding from Indiana to continue our momentum to completing this project.”
Background: On October 14, 2013, the Southwest Indiana Chamber, Kyndle, and the mayors of both Evansville and Henderson announced the creation a non-profit advocacy group, BridgeLink, whose sole focus is to advocate for the building of a new interstate bridge linking I-69. BridgeLink’s mission is to advocate for the construction of a new tolled Interstate 69 bridge by no later than 2020 and preservation of an untolled route across the river for local residents. For more information please visit www.69bridgelink.com.