The new viaduct, set to open this summer, is funded through multiple sources, including local, state and federal dollars. To pay for the project to replace the original, seismically-deficient 1932 bridge, the Bureau of Engineering was successful in securing nearly two-thirds ($364 million) of the total project cost through a competitive grant from the Federal Highway Bridge Program (HBP). The viaduct was also eligible for funding from Proposition 1B - Local Bridge Seismic Retrofit Account (LBSRA), which was passed by California voters in November 2006. These funding sources, as well as city matching funds and bond financing combined, helped pay for this critical piece of infrastructure for our city.
One way the viaduct is already giving back to the city is through the creation of jobs. Since work began on the viaduct, the project has already created approximately 600 construction jobs with more anticipated as construction continues through the summer.