Toll Rates Climb on Three Indiana-Kentucky Bridges
Published: August 15, 2024
Recent toll hikes on three bridges connecting Louisville, Kentucky, and southern Indiana took effect on July 1, as part of an annual adjustment guided by a bistate resolution. The changes are intended to generate revenue to support operational and maintenance costs for the bridges: the Interstate 65 Abraham Lincoln Bridge, the I-65 Kennedy Bridge, and the I-265/Kentucky Route 841 Lewis and Clark Bridge. Rates now range from $2.61 for passenger vehicles to $15.61 for trucks with five or more axles, with significant discounts for those using prepaid accounts and transponders.
The toll increases are tied to a predetermined annual rise of 2.5% unless outpaced by inflation, which led to a 3.4% hike this year due to higher consumer price indices. In 2022, the bridges recorded approximately 34 million crossings, reflecting a 5% increase over the previous year, with trucks accounting for roughly 13% of total traffic. Notably, 82% of larger vehicles utilized transponder technology to pay tolls efficiently. Revenue generated is shared evenly between Kentucky and Indiana, earmarked for bridge maintenance and improvements.
In the transportation sector, tolling can be viewed as a dual-edged sword. While it provides a crucial funding source for infrastructure projects, such as bridge upkeep, it also has implications for traffic management and economic productivity. The rising tolls, albeit necessary, could lead to an increased focus on alternative routes or methods of transport to avoid costs, especially for commercial operators. As urban areas become more congested, innovations in transportation pricing and toll management may need to be explored to balance revenue generation with the efficiency and accessibility of the roadway network.