Meeting Sheds Light on Ohio River Bridge Tolls

By: Associated Press
By: Associated Press

JEFFERSONVILLE, Ind. (AP) -- Motorists will have to wait longer to find out how much it will cost to cross two new Ohio River bridges connecting Kentucky and Indiana.

A bistate board Thursday delayed setting toll rates at the request of its Indiana members.

Kentucky Transportation Secretary Mike Hancock says he was surprised by the delay. Hancock says tolls need to be set as soon as possible as Kentucky prepares to borrow money for its share of the $2.6 billion project.

Hancock is worried that a delay will strap the state with higher interest rates in paying off the bridge-related debt.

Indiana officials indicated the delay is due to a final review of documents and does not signal any disagreement over potential tolls. Both states are relying on toll revenue to finance the project.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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