The Governor’s Balanced Budget for the 2011-2013 biennium proposes significant investments in transportation infrastructure, including $450 million in funding for the Interstate 5 Bridge Replacement (the Columbia River Crossing) and $60 million for a fifth round of ConnectOregon.
Speaking at the Oregon Business Plan’s Leadership Summit on December 3, the Governor highlighted the need to move forward with securing funding to replace the Interstate 5 Bridge: “After a decade of planning and a year of legislative review, it is time to get this project off the ground. Last week, I met with the bi-partisan leadership of both houses. We all agreed that the I-5 bridge replacement project is a critical state project that needs to move forward. I received their commitment to prioritize their work in 2013 to resolve any remaining issues and find funding to service these bonds. . . . It is time that we build this bridge.”
The Governor’s Budget includes the following for the Interstate 5 Bridge and ConnectOregon V.
· Interstate 5 Bridge Replacement – The Governor’s budget invests $450 million of highway revenue bond proceeds towards the replacement of the bridge between Oregon and Washington on Interstate 5 (I-5). The investment advances Oregon’s portion of the project. The bridge replacement is a long-term comprehensive solution to problems on I-5 near the Columbia River. The project will provide new travel options and an improved highway to support jobs, the regional economy and future growth.
· ConnectOregon V – The Governor’s budget includes $60 million of Lottery and General Fund backed bond proceeds for ConnectOregon V. ConnectOregon V is designed to build upon the success of previous ConnectOregon programs I – IV. This program advances multi-modal transportation in Oregon to improve the freight, rail, marine, aviation, and transit systems to support and improve Oregon’s economy.
The Governor’s budget is available online.