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Tolls suggested for financing Columbia River bridge

Oregon needs enough toll revenue to repay both a $900 million federal loan and the $450 million the state intends to borrow.

The Associated Press

1/8/2014

PORTLAND, Ore.— Analysts say tolls could generate enough revenue to finance construction of a new Interstate 5 bridge across the Columbia River at Portland.

The analysis released Tuesday estimates tolls would generate about $80 million a year.

The Oregonian reports (http://is.gd/MmcpOi ) the analysis was conducted for the Oregon Department of Transportation by the consulting firm CDM Smith.

Oregon needs enough toll revenue to repay both a $900 million federal loan and the $450 million the state intends to borrow.

Columbia River Crossing project director Kris Strickler says the analysis is good news for the bridge plan. It has been stalled for a year since the state of Washington backed out as co-sponsor of the $2.8 billion project.

Gov. John Kitzhaber is asking the Legislature to reauthorize Oregon's $450 million contribution.

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