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Washington Revised Code Title 47. Public Highways and Transportation § 47.01.417. State route No. 520 improvements--Finance plan--Revenue sources and savings recognition

Current as of January 01, 2025 | Updated by Findlaw Staff

The state route number 520 bridge replacement and HOV project finance plan must include:

(1) Recognition of revenue sources that include: One billion seven hundred million dollars in state and federal funds allocated to the project; one billion five hundred million dollars to two billion dollars in tolling revenue, including early tolls that could begin in late 2009; eighty-five million dollars in federal urban partnership grant funds; and other contributions from private and other government sources; and

(2) Recognition of savings to be realized from:

(a) Potential early construction of traffic improvements from the eastern Lake Washington shoreline to 108th Avenue Northeast in Bellevue;

(b) Early construction of a single string of pontoons to support two lanes that are for transit and high occupancy vehicle travel and four general purpose lanes;

(c) Preconstruction tolling to reduce total financing costs; and

(d) A deferral of the sales taxes paid on construction costs.

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Cite this article: FindLaw.com - Washington Revised Code Title 47. Public Highways and Transportation § 47.01.417. State route No. 520 improvements--Finance plan--Revenue sources and savings recognition - last updated January 01, 2025 | https://codes.findlaw.com/wa/title-47-public-highways-and-transportation/wa-rev-code-47-01-417/

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