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Learn about Recent Transactions for Ohio Transportation Bond Programs, including General Obligation Highway Capital Improvement Bonds Series V and Major New State Infrastructure (GARVEE) Series 2018-1.
General Obligation Highway Capital Improvement Bonds Series V
In December 2018, the Treasurer’s Office issued $210 million in bonds on behalf of the Department of Transportation. These bonds fund projects in counties across Ohio, including Mahoning County, Franklin County, and Allen County. Such projects include the construction of a new interchange and roundabout near Youngstown in northeast Ohio, the reconstruction of the median shoulder of IR 670 to increase lane capacity in Columbus, and the construction of an underpass to provide a rail grade separation for the upwards of 36,000 vehicles that are blocked by train crossings in Lima.
Major New State Infrastructure (GARVEE) Series 2018-1
In April 2018, the Treasurer's Office issued $370 million in bonds on behalf of the Department of Transportation. These bonds fund various 24 capital road and bridge projects across 12 Ohio counties. Such projects include resurfacing and repairing parts of I-275, the Ohio Bridge Partnership Program consisting of replacing 220 structurally deficient bridges throughout Ohio, and adding one lane in both directions between IR 70 and US 33.