Current:Home > MarketsRekubit-US Transportation Department to invest nearly $400 million for new Interstate 55 bridge in Memphis -FutureProof Finance
Rekubit-US Transportation Department to invest nearly $400 million for new Interstate 55 bridge in Memphis
Charles H. Sloan View
Date:2025-04-08 08:44:07
MEMPHIS,Rekubit Tenn. (AP) — The U.S. Department of Transportation is providing nearly $400 million to build a new Interstate 55 bridge connecting Tennessee and Arkansas across the Mississippi River, replacing the existing 75-year-old span, officials said Friday.
In separate news releases, Republican Tennessee Gov. Bill Lee and Democratic U.S. Rep. Steve Cohen of Memphis said the Transportation Department informed Congress on Friday that it is investing more than $393 million to build the new bridge.
The existing I-55 bridge was built in 1949 but it remains a vital and heavily traveled artery, with thousands of cars and commercial vehicles crossing it each day. The aging bridge is one of two that connects Memphis with Arkansas, along with the Interstate 40 bridge.
Officials have been pushing for a modernized I-55 bridge since the I-40 bridge was closed for weeks in 2021 to repair a crack in the structure. The new bridge will be built to modern seismic codes and is projected to accommodate approximately 64,000 vehicles daily, significantly higher than the current 48,000 vehicles, by 2050, Lee’s office said.
The governor’s office said the transportation departments in Tennessee and Arkansas have each committed up to $250 million to the project.
“This unprecedented investment in Memphis marks the single-largest transportation investment in Tennessee state history and will be transformative for our infrastructure,” Lee said.
Cohen, a senior member of the House Transportation and Infrastructure Committee, has discussed the project in committee hearings, most recently with Transportation Secretary Pete Buttigieg on June 28. Buttigieg visited Memphis when the I-40 bridge was shut down.
Cohen said the Infrastructure Investment and Jobs Act passed in 2021 helped provide the funds for the project.
“Transportation across America creates jobs and improves our economy — America’s River Crossing,” Cohen said.
veryGood! (391)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Here's What Jennifer Lopez Is Up to on Ben Affleck's Birthday
- Neighbor reported smelling gas night before Maryland house explosion
- 19 Kids and Counting's Jana Duggar Marries Stephen Wissmann in Arkansas Wedding
- Trump's 'stop
- Fubo convinces judge to block Disney sports streaming service ahead of NFL kickoff
- Jack Russell, former Great White frontman, dies at 63
- After record-breaking years, migrant crossings plunge at US-Mexico border
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Federal subpoenas issued in probe of New York Mayor Eric Adams’ 2021 campaign
Ranking
- Could your smelly farts help science?
- IOC gives Romania go-ahead to award gymnast Ana Barbosu bronze medal after CAS ruling
- Federal subpoenas issued in probe of New York Mayor Eric Adams’ 2021 campaign
- PHOTO COLLECTION: AP Top Photos of the Day Friday August 16, 2024
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Asteroids safely fly by Earth all the time. Here’s why scientists are watching Apophis.
- Auburn coach Hugh Freeze should stop worrying about Nick Saban and focus on catching Kirby Smart
- Beyond ‘childless cat ladies,’ JD Vance has long been on a quest to encourage more births
Recommendation
Don't let hackers fool you with a 'scam
Cardinals superfan known as Rally Runner gets 10 months in prison for joining Jan. 6 Capitol riot
Don't Miss Out on lululemon's Rarest Finds: $69 Align Leggings (With All Sizes in Stock), $29 Tops & More
Former NASCAR champion Kurt Busch arrested for DWI, reckless driving in North Carolina
The White House is cracking down on overdraft fees
Ryan Reynolds Reacts to Deadpool's Box Office Rivalry With Wife Blake Lively's It Ends With Us
After Partnering With the State to Monitor Itself, a Pennsylvania Gas Company Declares Its Fracking Operations ‘Safe’
Powerball winning numbers for August 14 drawing: Jackpot at $35 million