An innovative financing program for a toll project in Texas that has been financed and will be constructed by a joint-venture team composed of the Texas Department of Transportation (TxDOT) and the Texas Turnpike Authority (TTA) is described. The President George Bush Turnpike (State Highway 190) will connect 42.5 km (26.4 mi) of suburbs north of the city of Dallas. The project has been in various stages of planning and design since the late 1960s. Each agency working alone could not complete SH-190 in a timely and cost-effective fashion. Exploiting changes made to the state constitution in 1991 and maximizing the use of the innovative financing provision of the Intermodal Surface Transportation Efficiency Act, TxDOT, TTA, and FHWA in partnership developed a financing structure to accelerate the construction of this project.
Innovative Financing Approach for President George Bush Turnpike
Transportation Research Record: Journal of the Transportation Research Board
Transportation Research Record: Journal of the Transportation Research Board ; 1576 , 1 ; 63-66
01.01.1997
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Innovative Financing Approach for President George Bush Turnpike
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