The Bureau provided a $250.29 million 35-year, low-interest loan to the Central Texas Regional Mobility Authority (CTRMA) for the 183N Mobility Project in the Austin metropolitan area. 
 
The 183N Mobility Project involves construction of two express lanes in each direction along US 183 extending from SH 45N/RM 620 to State Loop 1 (MoPac), a distance of approximately nine miles, and the addition of a fourth general purpose lane in areas where there is not one currently. The express lanes will be helpful to emergency response vehicles and will allow Capital Metro to increase bus service during peak periods. Capital Metro recently announced its purchase of almost 200 new electric buses, the nation’s largest electric vehicle procurement to date, which will be utilized in the corridor. The project also includes building auxiliary lanes, shared used paths, sidewalks, and bicycle/pedestrian facilities.

This is the second of two recent TIFIA loans to CTRMA. The first loan to finance three CTRMA projects - 183A Phase III, 183S and 290E Phase III (Manor Expressway) - closed in February 2021. Since formation in 2002, CTRMA has developed multiple projects that constitute its toll road system: 183A (Phase I, II and III), 290E (Phase I, II and III), SH71, SH 45SW and 183S (the System). Once completed, the 183N Mobility Project will be part of this System. The construction works are already under way and the 183N Mobility Project is expected to reach substantial completion by June 2025. The Bureau’s has been a lender on four of these projects through the TIFIA program.

Check out the video on the project.