KFOR
By John Hayes
Nov 11, 2024
OKLAHOMA CITY (KFOR) — The Oklahoma Turnpike Authority is blaming inflation after announcing this week its ongoing 15-year Access Oklahoma Project will cost $8.2 billion rather than the $5 billion initially projected.
The project was announced in 2022, aimed at improving the state’s turnpike network. The agency’s goal during the process has been to make those updates while maintaining low toll rates.
“This new estimate factors in 60 percent inflation in material and labor costs since the program’s announcement in December 2021 and anticipates future inflation,” said OTA Executive Director, Joe Echelle.
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