The financing change is meant to speed along road projects that might have been delayed for years because of funding problems. Turnpike toll increases over the next decade will be used to pay off $1 billion in bonds issued by the commission to help with projects outside of the toll road’s route across northern Ohio.
The agreements finalized Monday include $340 million for a new eastbound bridge on Interstate 90 in Cleveland. The bid for that project came in lower, at $273 million. The Ohio Department of Transportation is expected to make recommendations for spending the $67 million difference.