What is the project's cost? The entire cost is estimated to be around $120 million. The iconic span and approaches inside the levees were granted a $69.7 million construction contract. It is expected to be completed in late 2019.
Who will pay for it? Federal funds account for nearly all of the money going toward the bridge. The federal government will pay about $29 million for its share of the project, which includes costs associated with removing vehicles from the road during construction. The state of New York will pick up the rest of the bill through taxes on the transportation industry. These funds will be used to repay the federal government over time.
Why build it now? When built, this bridge will connect Manhattan to Brooklyn, providing a new route across the Hudson River for pedestrians and cyclists. It also will provide better access for fire trucks and medical emergencies.
When it opens, it will be the longest suspension bridge in the world. It will be one mile long, connecting Fort Greene in Brooklyn to Dumbo in Manhattan. The previous record was held by another bridge over the Hudson River- the George Washington Bridge- which is also located in New York City.
This bridge replaces an old swing bridge that opened in 1929. At that time, it was the only way to cross the river east of Jersey City.
The total cost of the project is $735 million, which includes the design and installation of the toll system, construction management and oversight by the DOT, pre-2002 design costs, and "capitalized interest" accrued on money borrowed during the 4-1/2-year construction period before tolls were collected and payments were made. Interest rates used in calculating this amount was 7 percent per year.
The bridge has eight traffic lanes and two sidewalks. It carries four lanes of eastbound traffic and four lanes of westbound traffic over the Columbia River between Vancouver, Washington, and Portland, Oregon.
Construction began on February 19, 2001, and was completed 1 year and 10 days later on February 8, 2002. The official groundbreaking ceremony was held at the site of the future bridge's north tower. Terry Lee Lewis, chairman of the board of directors of the Port of Portland, called for bids on the project and awarded them to Kiewit Pacific Inc. at a price of $735 million.
Kiewit was responsible for building the entire structure except for the approach roads that connect it to I-5 and the existing bridge. Using modular construction techniques, the company assembled prefabricated sections onsite and finished them off with concrete and steel. Each section is 53 feet long and weighs 22 tons. They were brought to the construction site by truck and then lifted into place by crane.
The project cost more than $35 million ($523 million in 2019 currency), however it was finished on time and $1.3 million under budget (equivalent to $24.5 million today). The bridge itself is valued at approximately $75 million ($10.9 million in 2019 currency). This makes it the most expensive thing ever sold at an auction.
It also turned out to be quite popular. In its first year, 442,000 people crossed the bridge. By 1939, this had increased to almost 700,000, and by 1949, over 930,000 people were crossing the bridge each year. The number of visitors has continued to increase since then, with over 3 million people visiting the bridge per year by 2007. The total value of all the traffic that crosses the bridge each year is about $750 million ($11.4 million in 2019 currency).
In 1998, the federal government took ownership of the bridge through its agency National Park Service. This did not change the fact that the bridge remains a private property, but it did give the park service control over the maintenance and operations of the bridge and the roadways around it.
Since it opened to traffic in 1937, the Golden Gate Bridge has been widely regarded as one of the greatest works of art in America.
This has been years in the making, with several roadblocks, including money. According to officials, the total cost was somewhat less than $2 million. The main span is made of pre-stressed concrete and rests on top of a box beam that carries two lanes of traffic.
The blue bridge connects downtown Louisville to West Louisville. It is one of only two bridges over the Ohio River that are not owned by either city or state (the other being the Henry Clay Bridge).
The idea for a new bridge across the Ohio River from downtown to west Louisville was first proposed in the 1950s. At that time, there were plans to build a series of bridges as part of an expansion of I-65. But the proposal was rejected due to lack of support from local governments and citizens.
In 1992, Mayor David L. Armstrong announced that the city would fund half of the project's cost - $750,000. But the state government refused to pay for the rest of the price tag. In fact, they refused to even discuss it until after the mayor put up his own money.
Finally, in October of 2000, the Kentucky Transportation Cabinet agreed to contribute $250,000 toward the project.