Wrapping up the 2013 P3 awards season, East End Crossing won the Projects Grand Prize as well as the Gold Prize for best P3 road project at the Partnerships Bulletin awards ceremony Thursday night at the Park Lane Hotel in London. The toll bridge availability payment project in southern Indiana, USA, was the top winner among 7 other P3 projects nominated from around the world. Attended by over 700 of the leading industry participants, the project was recognized for its innovative financing structure and well run procurement process.
Connecting Kentucky and Indiana over the Ohio River, the East End Crossing is part of the two-state, $2.6 billion Ohio River Bridges project, one of the largest transportation undertakings in the United States. Indiana's East End Crossing involves a new $1.18 billion toll bridge over the Ohio River connecting I-265/KY 841 with S.R. 265.
A multiple, award winner, the East End Crossing was the first P3 transaction ever named 2013 Deal of the Year by The Bond Buyer. It was also named ARTBA 2013 P3 Project of the Year and North American Project Bond Deal of the Year by Project Finance Magazine. The project was also a finalist for the 2013 Infrastructure Journal Transport Deal of the Year.
We congratulate the Indiana Finance Authority on receiving this extraordinary recognition and wish further success in implementation of what is fast becoming one of the US’s more active P3 programs.
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