The allied ports of Seattle and Tacoma, businesses and community leaders have been advocating for the funding to complete key freight routes of State Route 509 in King County and State Route 167 in Pierce County, which is included in the transportation package, the ports said in a statement.
In addition, the transportation package is comprised of a number of other investments, including improvements on Interstate 5 at Joint Base Lewis-McChord and on Interstate 90 in Snoqualmie Pass.
The state of Washington will invest nearly $3.25 billion in projects that service the Puget Sound gateway, the ports said.
The completion of SR 509 will allow for the development of over five million square feet of office, retail and commercial space. The construction would cost $700 million, according to studies by the Port of Seattle and the cities of SeaTac and Des Moines.
The completion of SR 167 could fuel job growth to $10.1 billion, according to an estimate from the Washington State Department of Transportation.
Marine cargo operations from the Port of Seattle and Port of Tacoma supported more than 48,000 jobs combined, generating nearly $4.3 billion in economic activity in 2013, according to an analysis by Martin Associates.
“This package means jobs and economic development across our state, and we thank our senators and legislators for recognizing the need to invest in transportation infrastructure,” Port of Seattle Commission co-President Courtney Gregoire said in a statement.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now