The superhighway will be safe for the most part, according to a major safety review by the state’s top environmental agency.
The state’s Public Utilities Commission approved a $1.8 billion plan last month to build the project, which will include highways, expressways, tunnels and bus lines.
The commission has until April 30 to approve the project.
“Our ultimate goal is to have this project in place by the end of 2020,” said Gina Kudlow, chair of the Public Utilities Commision.
She said she expects it to be operational by March 2021.
The agency is recommending that the public be given time to weigh in on the project before it moves forward.
“There will be public input, there will be feedback, there is a lot of opportunity for public input,” Kudline said.
Kudloff said the Public Utility Commission has received a “robust and well-researched” report from the city of Portland.
The report will be used to decide on the route of the superhighways and the route the state will construct, Kudlines office said.
“The report will give us the information to make the final decision,” Kuddlow said.
The super highways will also include a bus rapid transit system that will be designed and built in partnership with Metro.
The system will cost about $1 billion and is being funded by $1 million from the state.
Metro, which has the contracts to build it, is not expected to pay any additional fees to fund it, Kuda said.
She also said the state has committed to pay about $800 million for the project through 2036.
“There are a lot more options out there for the next 10 to 20 years than we have today,” Kuda told reporters.
Kuda has said that the project will have more than $4 billion in costs and $4.5 billion in capital.
“I think we’re getting there,” Koudlow said when asked about the state spending on the super highway.
Koudloff has said she is confident the state can handle the project and that the state is confident it can meet the costs and that it can do the things it needs to do to make it work.
“We’re working hard, we’re very confident that we’re going to get it done, and we’ll be working with the partners on the projects and the partners in building it and we’re also working with partners to pay the money,” she said.
The state has already spent about $200 million on the $1 trillion project.
The money is being paid for through a tax increment financing (TIF) program.
The $1 tranche of the $2.2 trillion project will be paid for by taxing properties and taxing income, which means property owners will be able to take home about $150 billion a year in new revenue.