This counter is based upon the price of the Brent Spence Corridor project set forth in the Initial Financial Plan submitted to the Federal Highway Administration on December 31, 2013, by the Ohio Department of Transportation and the Kentucky Transportation Cabinet.
In this Initial Financial Plan, the two state highway departments estimate the total project costs to be $2,631,900, 000. Utilizing the Federal Highway Administration’s annual three percent construction inflation figure, this amount increased by $78,957,000 in 2014 and will increase by $81,325,710 in 2015.
That means that for every second the Brent Spence Bridge project is not built, the construction costs for this important mega-infrastructure project increase by $2.58. (Actually, it’s $2.57882135.)