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Alternatively-Financed Projects Approved for Funding

AUSTIN - State transportation officials today approved seven projects around the state that will be funded by TxDOTs pass-through finance program.

The Texas Transportation Commission approved the list, estimated at $193 million, at its monthly meeting, held in Fort Worth.

Pass-through financing allows local municipalities or private entities to pay for costs to build a transportation project and get reimbursed from the state as the transportation project becomes operational. It lets local officials reprioritize and accelerate projects important to the region.

TxDOT issued a program call earlier this year, which led to this final selection of projects.

Contracts will be negotiated and executed with the local entities to determine reimbursement schedules, developed as part of each individual pass-through agreement.

Pass-through financing is a tool the state created to stretch limited transportation funds that would allow local communities to fund up-front costs for constructing a state highway project. The state then reimburses a portion of the project costs to the community over time by paying a fee for each vehicle that utilizes the transportation facility.

Pass-through finance agreements allow local communities to get needed transportation projects financed and built earlier than traditional funding will allow.

TxDOT can consider pass-through finance agreements with a Regional Mobility Authority, regional transportation authority, county, city, public or private entity.

Projects selected for this program call include:
FM 1093 - Fort Bend County - $39.6 million;
FM 1957 - Bexar County - $55.6 million;
SH 36 - Brazoria County - $29.4 million;
U.S. 190 - Bell County - $20.1 million;
Loop1-US 290 interchange - Austin - $10.1 million;
U.S. 377 - Hood County - $31 million;
and Interstate 20 at U.S. 180 in Hudson Oaks - $7.9 million.

For more information contact Government & Public Affairs media relations at (512) 463-8588.

The Texas Department of Transportation

The Texas Department of Transportation is responsible for maintaining nearly 80,000 miles of road and for supporting aviation, rail and public transportation across the state. TxDOT and its 13,000 employees strive to empower local leaders to solve local transportation problems, and to use new financial tools, including tolling and public-private partnerships, to reduce congestion and pave the way for future economic growth while enhancing safety, improving air quality and preserving the value of the state's transportation assets. Find out more at txdot.gov.