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Achievements - Page 4
Title Description Savings/
Anticipated Savings
Category
Impact
Use of Competitive Bid Process to Sell Bonds
Use of Competitive Bid Process to Sell BondsRecently TxDOT successfully priced just over $1.1 billion in State of Texas Highway Improvement General Obligation (“HIGO”) Bonds with an overall borrowing cost of 3.37%.

The bond sale included $100 million of taxable bonds sold via competitive sale. This is the first time TxDOT has used the competitive bid process to sell bonds, considered an industry best practice.
$500,000 Finance