Aug 24, 2023ELR is Proud to Support the Brent Spence Design Build Team!
We are thrilled to have a major role in the design and construction of corridor enhancements, separating interstate traffic on I-71/I-75 from local traffic on the corridor over the Ohio River, connecting Covington, Kentucky to Cincinnati, Ohio. The existing Brent Spence Bridge, which opened in 1963, was originally designed to handle 80,000 vehicles per day, including 3,000 to 4,000 trucks daily. As the region has experienced significant growth, vehicular demand on the bridge has dramatically skyrocketed 10x to 160,000 vehicles per day, including 30,000 trucks daily. This increase in demand significantly increases safety risks and develops potential bottlenecks for the traveling public.
Running from Canada to Florida, I-75 is vital to American businesses, allowing them access to distribute products globally. Currently, this section of the corridor is estimated to carry $400B in freight traffic annually, making this thoroughfare a critical artery for not only America’s economy, but the global economy.
The construction of the new bridge and associated approach bridge and roadway work is projected to cost US taxpayers $3.6B. The total price tag is being divided up between the State of Kentucky, and the State of Ohio, and is supported by the Bipartisan Infrastructure Investment and Jobs Act, which allocated $1.6B to improve the Brent Spence Corridor.
We are eager to collaborate with everyone that is involved on this project, working collectively to deliver a project that increases safety, alleviates congestion, and shows Americans that we are building BIG things again. Congratulations to ODOT, KYTC, Kokosing, Walsh, Jacobs, AECOM, and the many other contributors on getting this project moving again. Let’s build something great!
Photo Credit: Ohio Department of Transportation, Kentucky Transportation Cabinet
For more information, visit:
https://brentspencebridgecorridor.com/
https://youtu.be/Z8Y_XbIv_9c?si=FDu45peEljywYEfv
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial, and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
For press/media inquiries:
Lauren Riedl
800.856.6485