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At the January 11th, LCRHSC meeting, representatives from the Interstate Bridge Replacement Program gave an update about the current status of the project. Below is a press release that contains additional information about the Program. To sign up for notices or requests for public comment, please visit: https://www.interstatebridge.org/ contact

Interstate Bridge Replacement program announces new $6 billion cost estimate

The projected total cost of the bi-state Interstate Bridge Replacement program is $6 billion, according to Greg Johnson, Interstate Bridge Replacement program administrator.

The new projected cost identified an estimate range of $5 to $7.5 billion, which was created by internal and independent experts, including a rigorous process that considers cost escalation and inflation factors affecting transportation projects across the country. Those factors include historically high inflation rates, workforce shortages, materials cost increases due to supply chain issues, and other market conditions.

“Construction projects across the country are experiencing unprecedented cost increases due to supply chain issues and increasing material and labor costs as well as other factors, and our program is no exception,” said Johnson. “We are confident that the program will land within the projected cost estimate range, and we are actively working to secure funding and manage cost escalation risks.”

To read more go to: https://www.interstatebridge.org/resources/program-news/ new-cost-estimate-for-interstate-bridge-replacement/

For more information, please visit our website: www.lcrhsc.org Bekah Brinkmeier, Association Administrator: brinkmeier@pdxmex.com Anthony O’Reilly, Administrative Specialist: oreilly@pdxmex.com