Opened to traffic on March 3, 2007; revenue operation began on May 1, 2007. On April 6, 2012, the 5-mile, 183-A Northern Extension opened to traffic.
The 183-A Turnpike is an 11.6-mile north-south toll highway through Cedar Park and Leander in Williamson County northwest of Austin, Texas. It was constructed as a four-lane facility with the ability to expand to six lanes. It connects to SH 45 North and existing U.S. 183 at its southern end and extends north to Whitestone Boulevard.
183-A was developed by the state's first Regional Mobility Authority, Central Texas Regional Mobility Authority (CTRMA), which was legislatively authorized in 2001 to form at the county level to construct, operate, and maintain toll roads if a regional toll authority did not already exist. Their powers were expanded in 2003 to include the issuance of toll revenue bonds. To date, toll revenues have exceeded expectations.
- Senior Lien Revenue Bond Proceeds: $151.3M
- TIFIA Loan: $66M (used to retire Bond Anticipation Notes [BANs] in 2008)
- State Funding Grant: $64.7M
- Local ROW Contribution: $14.1M
- Investment Earnings and Accrued Interest: $8.6M
HNTB - GEC
Vollmer Associates - Traffic & Revenue
Locke Liddell & Sapp, LLP - General counsel
Vinson & Elkins, LLP - Bond counsel
First Southwest Company - Financial advisor
D. Ladd Pattillo & Associates - Financial advisor
JPMorgan Chase Bank - Trustee
To USDOT TIFIA JPO:
- TIFIA Legal Advisor: Ballard Spahr Andrews & Ingersoll, LLP
- TIFIA Financial Advisor: Montague DeRose and Associates, LLC/TransTech Management, Inc.
Direct loan: $66 million. The TIFIA Loan is secured by a subordinate lien on net toll revenues on the CTRMA Turnpike System.
- First toll road developed by a Texas Regional Mobility Authority
- Recipient of The Bond Buyer "Deal of the Year" award in 2005
William Chapman, CFO
301 Congress Ave., Suite 650
Austin, TX 78701
Tel: (512) 996-9778