Ohio turnpike panel OKs $930M for road projects
Tuesday, September 17, 2013 6:26 AM
CLEVELAND (AP) - The Ohio Turnpike and Infrastructure Commission has signed off on $930 million for 10 projects in the turnpike's first round of funding highway and bridge work outside of its corridor.The financing change is meant to speed along road projects that might have been delayed for years because of funding problems. Turnpike toll increases over the next decade will be used to pay off $1 billion in bonds issued by the commission to help with projects outside of the toll road's route across northern Ohio.
The Ohio Turnpike and Infrastructure Commission said it won't pay a requested $2.7 million toward the total of $29.3 million for the McCord Road underpass project at the expanded Norfolk Southern tracks.
The agreements finalized Monday include $340 million for a new eastbound bridge on Interstate 90 in Cleveland. The bid for that project came in lower, at $273 million. The Ohio Department of Transportation is expected to make recommendations for spending the $67 million difference.