Program reports federal grants executed; updated cost estimate and finance plan to be completed before year‑end

Program staff updated the committee that the Interstate 5 Bridge program has executed major federal grant agreements and is preparing an updated cost estimate and finance plan to reflect advances in design and market conditions. Frank Green, assistant program administrator, told the committee the program has executed agreements tied to a $600 million MEGA grant and a $1.5 billion Bridge Investment Program grant and said both agreements were executed in early 2025 to enable use of funds for preliminary engineering. He added the program also received a $30 million reconnecting communities grant to support a downtown‑to‑Fort Vancouver connection.