Ky. closes on bonds to finance new bridge

LOUISVILLE, Ky. (AP) - Kentucky has closed on a bond issue that's a key part of financing for a new Ohio River bridge that will connect Louisville and Jeffersonville, Ind.

State transportation officials say revenue bonds and bond anticipation notes sold to investors will provide $761 million for the downtown project.

Kentucky Transportation Secretary Mike Hancock says the completion of financing is a significant milestone for the project.

Kentucky officials are handling construction of the downtown bridge.

Indiana is overseeing construction of a second bridge going up east of Louisville, linking Utica. Ind., and Prospect, Ky. It's called the East End Bridge.

The $2.6 billion project is one of the nation's largest public works endeavors.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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