Concerning the Interstate 5 Columbia river crossing project.
Summary
Authorizes the tolling of the existing and replacement Interstate 5 Columbia River bridges.
Designates the Columbia River Crossing (CRC) Project as an eligible toll facility, defines the parameters of the project area, and caps the cost of the project at $3.413 billion.
Creates the CRC Project Account in the State Treasury, which is an appropriated account that retains its own interest income.
Authorizes the Washington State Transportation Commission to enter into agreements with the Oregon State Transportation Commission regarding the mutual or joint setting, adjustment, and review of toll rates, which do not go into effect until 30 days after the adjournment of the next legislative session.
Requires certification by the Secretary of the Washington State Department of Transportation, in order for the act to go into effect, that: (1) sufficient funding authority to complete construction of the bridge and landings will be available; and (2) the Washington State Transportation Commission has entered into agreements with the Oregon State Transportation Commission regarding toll setting.
From the Engrossed Substitute House Bill Report (ESSB 6445), written by the Legislature's nonpartisan staff. Read the full report ↗