This traffic and revenue report has been prepared for the Kentucky Public TransportationInfrastructure Authority to support its development of the Louisville-Southern Indiana OhioRiver Bridges Project. The projections of traffic contained within this document representSteer Davies Gleave’s best estimates. While they are not precise forecasts, they do represent,in our view, a reasonable expectation for the future, based on the most credible informationavailable as of the date of this report. However, the estimates contained within this documentnecessarily rely on numerous assumptions and judgments. Circumstances may occur over thetimeframe of the project that go counter to these assumptions and judgments and that affectthe project’s realized revenues. Further, projections are for multi-year trends; the results forindividual years may vary from forecasted values.In addition, it has been necessary to base much of this analysis on data collected by thirdparties. This has been independently checked whenever possible. However, Steer DaviesGleave cannot guarantee the accuracy of data from third party sources.