Oregon Governor Tina Kotek has recently signed a bill that updates the state’s authorization to toll the Interstate 5 Bridge.
This significant decision follows a similar move from Washington Governor Bob Ferguson, who last month enacted a bill allowing Washington to issue $2.5 billion in state bonds to help fund the bridge replacement project.
The overall cost of this megaproject is estimated to be between $5 billion to $7.5 billion, marking a considerable financial undertaking for both states.
Progress on the project gained momentum after worries were raised earlier this year about potential withholding of federal funds by the Trump administration.
Greg Johnson, who leads the bridge replacement program, expressed gratitude for the support shown by both states in keeping the Interstate Bridge Replacement Program on track.
Johnson stated, “We are grateful for the ongoing leadership and support from both states that has allowed the (Interstate Bridge Replacement) Program to keep moving forward towards construction.”
He emphasized that crucial work is still necessary before construction can officially begin, but he remains optimistic about the project’s trajectory toward delivering a modern and safer bridge.
The recently signed Oregon bill updates a 2013 law that permitted the state to implement tolls. At the same time, Washington’s recent legislation parallels it, further solidifying the collaboration between the two states.
In addition to bonds, costs and toll revenues will be split equally between Oregon and Washington. The tolls, which are expected to generate around $1.2 billion of the total project cost, will also cover other financial commitments over time through fuel taxes and vehicle license fees.
Both states have pledged approximately $1 billion collectively on the project. Furthermore, federal grants are anticipated to contribute an additional $2.1 billion.
While initial plans aimed for tolls to be introduced as early as next spring, project managers now suggest that tolls are unlikely to be implemented until summer 2027.
Tolls on the existing bridge are forecasted to range between $1.55 and $4.70 per trip, although truck rates could be higher and provisions for low-income individuals may offer reduced rates. These figures are still subject to finalization.
Progress has slowed in recent months as project staff focus on completing the environmental review process. In September, the project team released an extensive 10,000-page draft supplemental environmental impact statement for public review.
Once the environmental document is finalized, the team aims to secure a “record of decision” from the federal government, which is critical for commencing construction.
Despite the disbursement of some federal funds, project managers indicate that full access to remaining federal financial support will depend on obtaining federal approval post-review.
Construction is projected to commence in late 2025 or early 2026, marking a significant milestone in the effort to replace the aging Interstate 5 Bridge.
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