FRANKFORT, Ky. (AP) -- Kentucky and Ohio officials have released an initial financial plan for a proposed new Ohio River bridge in the Cincinnati area. It's touted as a way to reduce congestion on an aging span that's drawn attention from President Barack Obama.
The project would build a new span alongside the Brent Spence Bridge connecting Cincinnati and Covington, Ky.
It also includes renovating the Brent Spence, which opened in 1963. It's been singled out by Obama as an example of the nation's aging network of bridges.
The preliminary plan puts the estimated construction cost at $2.63 billion. When adding financing and interest costs, total upfront funding is estimated at $3.57 billion.
Anticipated funding includes state and federal highway money, a loan from the Federal Highway Administration and tolls.