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I35E Map
Project Type: 
Roadways and Bridges
Sponsor / Borrower: 
Texas Transportation Commission (“Commission”)
Credit Agreement Status: 
TIFIA Assistance: 
$285 million
Primary Revenue Pledge: 
Toll Revenues
Project Cost Details: 

$1.303 billion

Duration / Status: 

Substantial completion is expected in 2017.

Fiscal Year Closed: 
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.

Funding Sources: 
  • Federal, State, and Local funds: $1.018 billion
  • TIFIA Loan: $285.0 million
Project Delivery / Contract Method: 

Design-Build (DB)

Project Advisors / Consultants: 


  • Financial Advisor – KPMG

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


  • TIFIA Financial Advisor – Taylor DeJongh, Inc.
  • TIFIA Legal Advisor – Nixon Peabody L.L.P.
Project Lender(s): 
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.
Project Contacts: 

Jennifer Wright

Texas Department of Transportation

Austin, TX

Phone : (512) 463-8946


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