Major road and bridge projects in Akron and Cuyahoga County are getting a financial boost after the Ohio Treasurer’s Office closed a $325 million Highway Capital Improvement bond deal.

In Akron, funding will support bridge maintenance on the Y-bridge. In Cuyahoga County, projects include pavement replacement along I-90 in Rocky River, Lakewood, and Cleveland, as well as improvements tied to the Cuyahoga River bridge along I-480.

The bond package includes $255 million for new construction and nearly $70 million to refinance older bonds, a move that saved the state more than $5.5 million in debt payments.

Ohio Treasurer Robert Sprague said the refinancing helps lower costs while advancing key infrastructure improvements across the state.

The bonds are backed by highway user revenues, including gas taxes and vehicle registration fees, and carry the state’s highest AAA credit rating.