FRANKFORT, KY (FOX19) - Kentucky Governor Steve Beshear has released his 2012-2018 Recommended Highway Plan to the General Assembly.
The plan allocates nearly $119 million through 2018, including $58.8 million through the biennium, toward the project to build a companion bridge to the Brent Spence Bridge.
State and local leaders have been trying to secure funding to repair or replace the again and overcrowded bridge that carries traffic between Cincinnati and Covington.
Beshear's plan also includes $72.6 million toward reconstruction of interchanges at KY 536 (Mount Zion Road) and KY 338 (Richwood Road) in Boone County. It also provides $24.7 million for added auxiliary lanes, both north and southbound, on a 1.5-mile stretch of I-71/I-75 from Mount Zion Road to U.S. 42.
"Our 2012-2018 Recommended Highway Plan represents an aggressive investment in Kentucky's primary road system," Gov. Beshear told the annual conference of Kentuckians for Better Transportation. "This plan is calculated to improve mobility through system expansion and necessary maintenance. The result will be less traffic congestion, increased safety, greater ease of interstate commerce and growth in Kentucky's economy, which means jobs for Kentuckians."
Under Kentucky law, the Governor sends a highway plan to the General Assembly every two years. It includes a blueprint for spending the Road Fund revenues that will be appropriated in the new biennium – 2012-2014 in this case – and planning for the four "out years" beyond the biennium. Road Fund revenues are from a combination of state and federal taxes on sales of motor fuels and motor vehicles, along with proceeds of bond sales. By law, Road Fund revenues must be spent for transportation-related purposes. The Highway Plan contains no General Fund revenues.
View the governor's complete plan by clicking here.