LOUISVILLE, Ky. (WDRB) Kokosing Construction Co. was selected Thursday to lead the renovation of the Sherman Minton Bridge between Louisville and New Albany, Ind., and repair roads on both sides of the Ohio River.
But the company s bid represents a roughly 52 percent increase in the project s cost, according to figures presented to the Indiana Finance Authority.Â
Project officials previously set the price tag of the work at around $90 million, but the award the authority approved is for $137 million. Kentucky and Indiana are sharing the costs.
A project spokeswoman said she hoped to have answers about the cost increase on Friday.