The project reached initial financial close March 2013. Substantial completion occurred in December 2016.
The East End Crossing is a cross-river transportation project intended to meet the current and future transportation needs of the Louisville, Kentucky and Southern Indiana regions and is a component of the larger Ohio River Bridges Project. This project is comprised of three sections, which include the construction of the East End Crossing Bridge and the construction, reconstruction, and rehabilitation of two four-lane connecting roadways. The project seeks to improve cross-river mobility and enhance the livability, economic competitiveness and safety of the region. This project is being delivered as a design-build-finance-operate-maintain (DBFOM) concession. The term of the concession is expected to extend for 35 years.
Delivered as an availability-pay design-build-finance-operate-maintain public-private partnership (P3) concession, the East End Crossing project is expected to provide more efficient routes to the Louisville trade center, as well as better connections to employment opportunities, cultural experiences, recreational attractions and economic resources. The project is estimated to generate $3.2 billion in travel time savings-related benefits and help to create sustainable population and economic growth in this transportation-dependent hub.
- TIFIA Loan: $162M
- IN State and Federal Funding – Milestone Payments: $392M (excluding TIFIA Loan)
- Other IN State and Federal Funding: $201.7M
- IN Milestone PABs (Series A): $488.9M
- IN Long Term PABs (Series B): $18.9M
- KY State and Federal Funding: $94.2M
- Developer Risk Capital: $78.1M
- Relief Events Reserve Amount: $45M
Financial Advisor: KPMG
Counsel to the Borrower: Ice Miller, LLP
To USDOT TIFIA JPO:
- TIFIA Legal Advisor: Nixon Peabody LLP
- TIFIA Financial Advisor: Deloitte Financial Advisory Services LLP
Direct loan: $162 million
Interim Public Finance Director