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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: The project is estimated to cost US$4.25 billion. On May 12, 2009, Governor Gregoire signed Senate Bill 5768, authorizing $2.8 billion in state funds for a possible deep-bore tunnel. The project has committed funding from the state gas tax and other federal sources. State gas-tax-supported projects are financed, in part, by bonds referred to as Motor Vehicle Fuel Tax/General Obligation bonds.
Direct Cash Support
From Public Sponsor of Project - Direct Expenditure of Appropriated Public Funds: The FHWA also contributed funds to the project as a federal source of monetary support. These funds were pre-existing, non-interstate funds allocated specifically to the viaduct project. Additionally, some local funds were also used in the project and are awaiting the execution of the agreement.
Credit Enhancements: $200 million will be collected from tolls at rates set by the Washington State Transportation Commission with input from the Advisory Committee on Tolling and Traffic Management.