The Kentucky Public Transportation Infrastructure Authority announced an agreement between Kentucky and Indiana that will pave the way for a bridge project connecting Henderson and Evansville.
According to a news release from the Kentucky Transportation Cabinet, the Bi-State Development Agreement is a financial plan for section two of the I-69 Ohio River Crossing and makes way for future construction. The Commonwealth and the state of Indiana will jointly undertake public infrastructure improvements for a new four-lane bridge that will carry I-69 traffic across the Ohio River.
The agreement includes terms for the financing, procurement, development, construction and delivery of the new I-69 bridge and Veterans Memorial Parkway. Toll revenue financing supplemented by federal and state funding sources from both states are proposed to cover the $933 million price tag.
The Section 2 contract is expected to be awarded in late 2026 and construction is expected to begin in early 2027 and be complete in 2031.