[r78] Major Moves Projects Become Reality (5/13/2008)

Tuesday, May 13, 2008

Start Date: 5/13/2008 All Day
End Date: 5/13/2008

FOR IMMEDIATE RELEASE

 

Major Moves Projects Become Reality

(STATEHOUSE) May 13, 2008 - Rep. Suzanne Crouch (R-Evansville) and Gov. Mitch Daniels today broke ground with local officials on two additional segments of the U.S. 231 Corridor in Spencer County. The U.S. 231 Corridor will improve access between Kentucky and Interstate 64.

"I was proud to support Major Moves, the legislation that provided the funding for U.S. 231 and I-69," said Rep. Crouch. "The new infrastructure will be a boon for economic development in Spencer County and southwestern Indiana."

The U.S. 231 Spence County Corridor includes added capacity for a 20.3-mile section of US 231, which is currently a two-lane rural road with inadequate capacity. When complete, the new, limited access travel corridor allows for the distribution of products from southwestern Indiana. The project has an anticipated completion date of 2011.

This $146 million project was made possible through Major Moves. The original estimated cost of the corridor was nearly $163 million, with a projected completion date of 2014. Because of Major Moves, the project is three years ahead of schedule, and the cost has been reduced by $17 million.

Major Moves, Gov. Daniels' transportation initiative, which leased the Indiana toll-road in exchange for a $3.85 billion upfront payment, made this project possible. By partnering with a private company, the state was able to eliminate the transportation budget deficit and fully fund a 10-year transportation plan.

 

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