Substantial completion is expected in 2017.
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.
- Federal, State, and Local funds: $1.018 billion
- TIFIA Loan: $285.0 million
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.
Direct loan: $285 million. The TIFIA loan will be repaid through a pledge of the project’s gross toll revenues.
Texas Department of Transportation
Phone : (512) 463-8946