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United States Department of Transportation United States Department of Transportation

35Express

I35E Map
Alternate Project Name
IH-35E
Project Type
Roads and Bridges
Financing Type
TIFIA
Status
Credit Agreement Executed
Sponsor/Borrower
Texas Transportation Commission (“Commission”)
Project Description

The Project is the initial phase in a multi-phase project to reconstruct and expand a 28-mile section of IH35E between IH635 to US380. This initial phase, which is funded with the TIFIA Loan, includes (i) the construction of two reversible lanes with associated exit/entrance ramps between Valley View Lanes and Turbeville Road; (ii) the construction of managed lanes from south of IH35E – IH635 interchange to Valley View Lane; (iii) reconfiguration and rehabilitation of general purpose lanes from IH635 to Corinth Parkway; (iv) the construction of direct connectors to Sam Rayburn Tollway; (v) the reconfiguration and/or widening of general purpose lanes and the construction of an additional general purpose lane in each direction from Sam Rayburn Tollway to US380; (vi) the construction, reconstruction, widening or rehabilitation of various frontage roads, interchanges, and bridges; (vii) the construction of a collector-distributor system between President George Bush Turnpike and Sam Rayburn Tollway; (viii) the construction of a new bridge and re-purposing of the existing bridge over Lake Lewisville; and (ix) associated mitigation projects.

Project Details
TIFIA Assistance
$285.00M
Primary Revenue Pledge
Toll Revenues
Project Cost
$1303.00M
Fiscal Year Closed
FY2017
Duration/Status
Substantial completion is expected in 2017.
Funding Sources
Federal, State, and Local funds: $1.018 billion
TIFIA Loan: $285.0 million
Project Delivery/Contract Method
Design-Build (DB)
Project Advisers/Consultants
To TxDOT:

Financial Advisor – KPMG

Legal Advisors – McCall, Parkhurst & Horton L.L.P. and Nossaman L.L.P.

To USDOT TIFIA JPO:

TIFIA Financial Advisor – Taylor DeJongh, Inc.
TIFIA Legal Advisor – Nixon Peabody L.L.P.
Project Lender
USDOT TIFIA
Credit Assistance Detail
Direct loan: $285 million. The TIFIA loan will be repaid through a pledge of the project’s gross toll revenues.
Financial Status
The TIFIA credit agreement was signed on November 3, 2016. Principal repayment of the TIFIA loan will begin with substantial completion of delivery and will amortize through a 30-year maturity with the final maturity anticipated in 2052.