With improvements in technology, accurate delay modeling of interconnects is becoming increasingly important. Due to decreasing feature sizes, the spacing between the signal lines is also decreasing. Consequently, the switching activities on the neighboring lines can have a significant impact on the delay of the line of interest, and can no longer be ignored. Accurate modeling of this phenomenon, which we call the proximity effect, is the subject of this paper. This is similar to the state-dependency of logic gate delays, where signal delay can be affected by the switching activities on the side inputs of a gate. We describe an efficient and accurate delay computation method using precomputed interconnect moments that treats the coupled lines as uniform, distributed RC lines and does not make any lumped approximations. This allows the proposed delay model to be used in a timing analysis tool operating over both gate and interconnect domains while accounting for state-dependency.