As the long-planned replacement of the Interstate 5 Bridge edges forward, project leaders have begun reaching out to companies interested in a piece of the action.
Experts say the estimated $14.4 billion project — among the most expensive infrastructure projects in Washington history — will provide a major boost to the region’s economy.
An economic analysis released by the Interstate Bridge Replacement Program in 2023 estimated the project would provide as many as 43,300 job-years across every industry. (A job-year represents one full-time job lasting for a year, so the total also accounts for individuals on the job for multiple years.)
Much of that economic impact likely will stay local, according to the analysis.
“Spending generated from infrastructure construction tends to stay within the local economy longer,” the report read.
The analysis expected the project would create or keep around 18,700 engineering and construction job-years throughout the life of the construction.