The Oregon-Washington bridge project is a USDOT priority
On July 12, 2024, the Interstate Bridge Replacement (IBR) Program was awarded a $1.499 billion grant through the Federal Highway Administration's Bridge Investment Program for the replacement of the I-5 bridge between Oregon and Washington.1 This brings the I-5 bridge replacement project one step closer to becoming a reality.
The estimate project cost is $5 billion to $7.5 billion.2 By our tally, with this grant, IBR has now secured approximately $4.1 billion,3 with an additional, estimated $1.2 billion to come from tolls, for a total of $5.3 billion. This is within the range of the estimated project cost.
In response to the award of the grant, IBR Program Administrator Greg Johnson stated in relevant part that "[t]he award of these grant dollars further cements the IBR program as a key national project for the USDOT" and "[the IBR program is] one significant step closer to providing a safe, multimodal, earthquake resilient corridor that will better connect communities for decades into the future."4
Footnotes
2 https://www.interstatebridge.org/EconomicBenefits.
3 Oregon and Washington have both committed $1B each, for a total of $2B, and the USDOT awarded an additional $600M to the project.
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