A device is configured to store information indicating a threshold bandwidth with which a multi-lane link is permitted to operate. The device may establish the multi-lane link with a peer device. The multi-lane link may include multiple lanes used to communicate data with the peer device. The device may determine fault states for the lanes included in the multi-lane link. A fault state, for a particular lane, may indicate that the particular lane is faulty. The device may determine an available bandwidth for the multi-lane link based on the fault states for the lanes. The device may selectively terminate the multi-lane link or operate the multi-lane link at the available bandwidth based on whether the available bandwidth satisfies the threshold bandwidth.