One Step Closer: Interstate 5 Bridge Replacement Program Receives $1.499 Billion FHWA Grant

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]

If you have questions about the I-5 bridge project or would like assistance with the public procurement and bidding process, please contact our government contracts and construction group.