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