Inflation worries drive WA lawmakers to jack up I-5 bridge borrowing plan by 900M

Washington state lawmakers have taken significant steps to ensure the funding of a new Interstate 5 bridge across the Columbia River. The House Transportation Committee approved an amendment to House Bill 1958, raising the bonding capacity by $900 million to a total of $2. 5 billion. This decision reflects the rising costs of construction, with estimates for the new bridge ranging from $5 billion to $7. 5 billion, likely settling around $6 billion.

Tolls are expected to generate approximately $1. 2 billion and will be imposed in both directions on the existing bridge by spring 2026. Rep. Jake Fey, the bill's sponsor, emphasized the need for adequate resources to keep the project on schedule. However, Rep.

John Ley has voiced concerns regarding Washington's sole responsibility for the bond repayment, suggesting that both states should share the liability. The legislation will soon move to the Rules Committee for further consideration. This project is a critical step in enhancing transportation infrastructure between Washington and Oregon, with federal grants also supporting the initiative.