Advertise your business here! 🚀

Contact us now and get more customers.

Smiling woman thumbs up

Washington Officials Increase I-5 Bridge Budgeting Plan

road-bridge
Apr 09, 2025
Article Source LogoRoads & Bridges
Roads & Bridges

Washington lawmakers have advanced legislation to boost funding for a new Interstate 5 bridge over the Columbia River, increasing the amount of toll-backed borrowing to help cover rising construction costs.

The House Transportation Committee approved an amended version of House Bill 1958, authorizing the sale of $2.5 billion in general obligation bonds, over $900 million more than originally proposed. The measure now heads to the Rules Committee for a possible floor vote.

Backers say the increased bonding authority is necessary to ensure the long-delayed project stays on schedule. Others speculate that inflationary costs might also be driving the decisions.

“We think we have enough, but we want to make sure,” said Rep. Jake Fey, the bill’s sponsor, in a statement.

Construction permits are expected by 2026, with work continuing through 2032.

The replacement bridge is estimated to cost between $5 billion and $7.5 billion, with a midpoint estimate of $6 billion. Washington and Oregon have each pledged about $1 billion and secured $2.1 billion in federal grants.

Because Washington will administer the tolling program, it must issue the bonds. The debt will be repaid through tolls, gas taxes and vehicle fees, though the state’s general fund could be used as a backup.

Tolls are projected to generate at least $1.2 billion and could begin on the current bridge in both directions as early as spring 2026.

Source: Washingtonstatestandard.com., OPB.org

Share Your Insights!

Publish your articles, reach a global audience, and make an impact.

0
Recent Comments

Road and Bridge Relateday News You might want to check out

View by
Maharashtra Approves 25Km Elevated Road To Navi Mumbai Airport
Maharashtra Approves 25Km Elevated Road To Navi Mumbai Airport
Construction World
12 September 2025
road-bridge
Suffolk: Drivers Face 35-Mile Diversion While Ipswich Road Closed In Hadleigh
Suffolk: Drivers Face 35-Mile Diversion While Ipswich Road Closed In Hadleigh
Highway News
04 September 2025
road-bridge
Regional Road Maintenance Fund Boosted To $1.25B
Regional Road Maintenance Fund Boosted To $1.25B
Infrastructure Magazine
28 August 2025
road-bridge
Italy Greenlights A $15.5 Billion Project To Build Bridge Linking Sicily To The Mainland
Italy Greenlights A $15.5 Billion Project To Build Bridge Linking Sicily To The Mainland
Daily Commercial News
06 August 2025
road-bridge
Welsh Government Readies A494 River Dee Bridge Replacement Job As Value Jumps To £145M
Welsh Government Readies A494 River Dee Bridge Replacement Job As Value Jumps To £145M
New Civil Engineer (Bridge)
04 August 2025
road-bridge
York To Phase Delivery Of Outer Ring Road Upgrade As Cost Jumps To £164M
York To Phase Delivery Of Outer Ring Road Upgrade As Cost Jumps To £164M
New Civil Engineer (Road)
25 July 2025
road-bridge
55M-Wide Land Bridge Takes Shape At £23M Stockton Waterfront Urban Park
55M-Wide Land Bridge Takes Shape At £23M Stockton Waterfront Urban Park
New Civil Engineer (Bridge)
24 July 2025
road-bridge
Over $2B For West Sydney Road Upgrades
Over $2B For West Sydney Road Upgrades
Infrastructure Magazine
14 July 2025
road-bridge
$1.4 Billion Via15 Project To Bridge Infrastructure Gaps Across The Netherlands
$1.4 Billion Via15 Project To Bridge Infrastructure Gaps Across The Netherlands
Highways Today - Road
10 July 2025
road-bridge
Transforming Peru’S Highlands With A Billion-Dollar Ppp Road Deal
Transforming Peru’S Highlands With A Billion-Dollar Ppp Road Deal
Highways Today - Road
10 July 2025
road-bridge
Italy To Reclassify 3.6Km £11Bn Sicily Bridge As Defence Spending To Meet Nato Objectives
Italy To Reclassify 3.6Km £11Bn Sicily Bridge As Defence Spending To Meet Nato Objectives
New Civil Engineer (Bridge)
01 July 2025
road-bridge
Hs2 Completes Three-Day Slide Of 220M-Long Viaduct Deck In Northamptonshire
Hs2 Completes Three-Day Slide Of 220M-Long Viaduct Deck In Northamptonshire
New Civil Engineer (Bridge)
24 June 2025
road-bridge