$754 million plan to expand Mountain Parkway would require return to tolls
01/15/2014 04:21 PM
A plan to widen, modernize and extend the Mountain Parkway in Eastern Kentucky will require a return to tolls — a move Gov. Steve Beshear and legislative leaders said Wednesday is necessary for the region’s future.
The plan, which needs approval from the General Assembly, calls for expanding to four lanes the entire 75.6 miles of the parkway from I-64 near Winchester to Salyersville.
Currently, the westernmost portion from Winchester to Campton has four lanes. But the remainder, which runs through Wolfe, Morgan and Magoffin counties, is two lanes with an occasional passing lane.
From Salyersville, the proposal calls for four-laning two connecting routes — U.S. 60 and Ky. 114 — for 16 miles to Prestonsburg where it would connect with four-lane U.S. 23. That essentially will create a four lane “expressway” from Winchester to Pikeville, Beshear said.
“This is a long overdue project for which leaders in Eastern Kentucky have long advocated to strengthen its ability to attract jobs and visitors,” said Beshear.
The project will cost $753.6 million with the money coming from a two main sources.
Beshear said $595.6 million will come from state and federal highway funds over the next six years and $158 million from the sale of toll revenue bonds.
Senate President Robert Stivers, R-Manchester, said he believes that completion of the highway will go a long way toward slowing the population exodus from Eastern Kentucky.
“When you look at (legislative) redistricting, it became very clear there had been shifts in the population, were along the major arteries in Kentucky,” said Stivers.
The work on the project would be broken down in four parts:
Sequence 1 – Mountain Parkway from KY 205 in Morgan County to Burning Fork Bridge near Salyersville, in Magoffin County.
Sequence 2 – U.S. 460 from Burning Fork Bridge at Salyersville to KY 114.
Sequence 3 – KY 114 from U.S. 460 at Salyersville to KY 404 at Prestonsburg.
Sequence 4-Westernmost part of the project area: Mountain Parkway from KY 191, Wolfe County, to KY 205 in Morgan County.
The Mountain Parkway opened 51 years ago and was originally a toll road.
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