Schedule & Funding SCHEDULE & FUNDING

While the project schedule is always subject to change and is dependent on weather and other factors, the next major tasks include:

how much will the project cost?

Original construction estimates put the cost of replacing the Milton-Madison Bridge at approximately $131 million. The low bid submitted by Walsh Construction Company was for $103 million,  20 percent below the original estimate.

In February 2010, the project was awarded $20 million in funding under the American Reinvestment and Recovery Act. Indiana and Kentucky have identified state and federal funding for the remaining cost of the project, which will be evenly split by both states. Construction is projected to create or preserve 1,400 jobs.

project milestones

  • June 2008 – Project Kickoff
  • February 2010 – Project receives federal environmental approval
  • September 2010 – Contract awarded to Walsh Construction
  • November 2010 – Project groundbreaking ceremony
  • Spring 2011 – Construction begins
  • April 2012 – First brief closure
  • December 2012 – New bridge truss complete
  • June 2013 – Traffic switches to new bridge
  • September 2013 – Demolition of old bridge complete
  • Tentative March/April 2014 – Bridge closure and slide