WASHINGTON, D.C. — U.S. Sen. Sherrod Brown (D-OH) today announced a $209 million federal loan for the Portsmouth Bypass project – a 16-mile, four-lane, limited access divided highway which will bypass approximately 26 miles of U.S. 52 and U.S. 23 in Portsmouth.
“Large-scale infrastructure investments like the Portsmouth Bypass project create construction jobs and improve the safety and efficiency of Ohio’s roads,” said Brown. “This federal assistance will supplement state and private funding for the project, which, once completed will help travelers and commercial drivers navigate our state. Investments like these are critical to our national infrastructure and underscore the importance of passing a long-term highway bill so more communities can realize the promise of robust infrastructure funding.”
The Portsmouth Bypass project is being procured under an innovative public-private partnership (P3) arrangement between the State of Ohio and a private sector entity. The approximately $209 million loan was awarded through the U.S. Department of Transportation (DOT) as part of the Transportation Infrastructure Finance and Innovation Act, which provides federal credit and loan assistance for surface transportation projects of national or regional significance.