Tag: Texas highways

Roadbuilding

Texas voters overwhelmingly approve $2.5 billion in funding for transportation projects

Texas voters gave a resounding ‘yes’ to new transportation funding Tuesday as they passed Proposition 7 with more than 80 percent of the votes. According to the Texas Department of Transportation, the new funding from Proposition 7 will give the state more money to spend on infrastructure projects without having to enact new taxes, tolls, fees […]

November 5, 2015

Roadbuilding

LBJ Express highway in Dallas, largest Texas P3, opens to public 3 months ahead of schedule

The largest public-private partnership (P3) in Texas, the approximately $2.6 billion LBJ Express highway reconstruction project, has opened to the public three months ahead of schedule. The project began in 2011 and involved reconstruction off all the main and expanded frontage lanes of Interstate 635 in the north Dallas region, stretching from Luna Road to […]

September 14, 2015

Roadbuilding

Texas Senate passes highway funding bill

The Texas Senate passed a highway funding bill March 4 that will dedicate a portion of motor vehicle taxes to road and bridge construction, according to a report from the Associated Press. The Senate passed the bill on a 28-2 vote roughly a week after the Transportation Committee approved it. The bill, along with a constitutional amendment, […]

March 5, 2015

Roadbuilding

Texas DOT saves nearly $1 billion over next decade through historic bond deal

The Texas Department of Transportation recently announced that it had achieved the largest savings on a single bond deal in the state’s history through a $1.68 billion refinancing that priced Jan. 21. The bond issue refinanced almost all of the outstanding debt for the Central Texas Turnpike System (CTTS), first issued in 2002. The deal […]

February 9, 2015