Tacoma Narrows Bridge state loan program supports toll stability
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Description
The State of Washington authorized up to $85 million in loans for the Tacoma Narrows Bridge for the period FY 2020–2030, with $4.4 million appropriated for the 2025–2027 biennium. Repayment is scheduled to conclude by FY 2032.
Contract Details
Contract Amount
$85 million maximum authorization (2020–2030); $4.4 million appropriated for 2025–27 biennium
Vendor
LOAN PROGRAM STATE OF WASHINGTON
Agency
Washington State Department of Transportation | Transportation Comission, WA
Contract Type
FINANCIAL_SERVICES
Document Date
January 1, 2026
Contract Term
FY 2020 – FY 2032 (loan repayment through 2032)
Renewal Date
2032-06-30
Renewal Info
Loan appropriations provided through 2030; repayments continue through 2032. No further loans expected after obligations are met.
Issuing Agency
State
Olympia, WA
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