The Indiana Finance Authority Friday announced it had finalized its agreement and reached commercial close on a deal with WVB East End Partners to design and build the state's part of the massive bi-state Ohio River Bridges Project. The state expects to reach financial close by spring of 2013, the IFA said.

Under the public-private partnership agreement, the team will design and build Indiana's portion of the project for $763 million -- $225 million less than originally projected -- by the end of October 2016.

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