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Grand Parkway Segments H&I

Map of Project Location
Project Type: 
Roadways and Bridges
Sponsor / Borrower: 
Texas Department of Transportation (TxDOT)
Grand Parkway Transportation Corporation (GPTC)
Credit Agreement Status: 
TIFIA Assistance: 
$605.33 million
Primary Revenue Pledge: 
Toll Revenues
Project Cost Details: 

$1.924 billion

Fiscal Year Closed: 
Project Description: 

The Grand Parkway Segments H&I Project involves continuation of construction of a tollway in the Greater Houston area, spanning seven counties, that will partially complete a proposed 184-mile circumferential tollway known as the Grand Parkway System.  Segments H and I, with substantial completion slated for May 2022, will extend the outside loop by 43 miles.  All project segments previously under construction are complete and open to tolling, totaling approximately 64 miles.

Funding Sources: 
  • 2018A Subordinate Bonds: $712.1 million
  • 2018A Subordinate Premium:  $98.1 million
  • 2018 Bond Anticipation Notes (BANs): $605.33 million*
  • 2018 BANs Premium: $63.2 million
  • 2018B Subordinate Bonds: $166.525 million
  • 2018B Subordinate Premium: $20.6 million
  • 2013E Subordinate Bonds: $150 million

*TIFIA Loan Proceeds will be used takeout the BANs after construction

Project Delivery / Contract Method: 

Design-Build with Grand Parkway Infrastructure a joint venture between Ferrovial Agroman US Corp, Webber LLC, and Granite Construction

Project Advisors / Consultants: 


  • Estrada Hinojosa & Co., Inc. - Financial Advisor
  • T&R Advisor: CDM-Smith
  • Goldman Sachs, Underwriter for the Revenue Bonds
  • Mayer Brown- Counsel to the Borrower

To USDOT Build America Bureau:

  • TIFIA Financial Advisor – Deloitte
  • TIFIA T&R Advisor - PFAL/C&M Associates
  • TIFIA Legal Advisor – Bryant, Miller, Olive, PA
Project Lender(s): 
USDOT Build America Bureau
TIFIA Credit Assistance Detail: 

Direct loan: Up to $605.33 million.  The TIFIA loan will be repaid with toll revenues from the Grand Parkway System.

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