The approximately $2.6bn public-private partnership (P3) highway, the LBJ Express reconstruction project, has opened three monthly earlier than anticipated.
The massive project began in 2011 and included reconstruction of a 13-mile swatch of Interstate 635’s lanes in the north Dallas area – both main and expanded frontage ones. Additionally, new TEXpress lanes (managed toll lanes) were added along that stretch of I-635, along with direct connectors to TEXpress lanes on I-35. Also part of the project were new construction of retaining walls, bridge structures, bypass lanes at major intersections, and lighting.
The project received four main sources of financing:
• Texas Department of Transportation (TxDOT) – $490 million
• U.S. Department of Transportation’s Transportation Infrastructure Finance and Innovation Act (TIFIA) – a loan of $850 million
• Investor funds - $664 million
• Private activity bonds - $615 million.
Charges for using the TEXpress lanes will vary throughout the day, which the public may find confusing. The reason for the changing fees is so that TxDOT can, as closely as possible, keep traffic traveling at a consistent 50mph, so as to alleviate congestion. Working with Print companies, a brochure could be developed and distributed to mitigate any frustrations of the public regarding this matter.
Administrator for the project, Gregory Nadeau of the Federal Highway Administration credits the use of the design-build project delivery method for the completion of the LBJ Express three months early.Get a Free Quote for Print
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12640 E. NW Hwy.
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Dallas, TX 75228
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