INNOVATIVE FINANCING APPROACH FOR PRESIDENT GEORGE BUSH TURNPIKE
An innovative financing program for a toll project in Texas that has been financed and will be constructed by a joint-venture team composed of the Texas Department of Transportation (TxDOT) and the Texas Turnpike Authority (TTA) is described. The President George Bush Turnpike (State Highway 190) will connect 42.5 km (26.4 mi) of suburbs north of the city of Dallas. The project has been in various stages of planning and design since the late 1960s. Each agency working alone could not complete SH-190 in a timely and cost-effective fashion. Exploiting changes made to the state constitution in 1991 and maximizing the use of the innovative financing provision of the Intermodal Surface Transportation Efficiency Act, TxDOT, TTA, and FHWA in partnership developed a financing structure to accelerate the construction of this project.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/0309062055
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Supplemental Notes:
- This paper appears in Transportation Research Record No. 1576, Financial, Economic, and Social Topics in Transportation.
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Corporate Authors:
500 Fifth Street, NW
Washington, DC United States 20001 -
Authors:
- Smith, F J
- Publication Date: 1997
Language
- English
Media Info
- Features: Figures; References; Tables;
- Pagination: p. 63-66
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Serial:
- Transportation Research Record
- Issue Number: 1576
- Publisher: Transportation Research Board
- ISSN: 0361-1981
Subject/Index Terms
- TRT Terms: Financing; Innovation; Joint ventures; Partnerships; State highways
- Identifier Terms: Intermodal Surface Transportation Efficiency Act of 1991
- Geographic Terms: Texas
- Subject Areas: Finance; Highways; I10: Economics and Administration;
Filing Info
- Accession Number: 00743121
- Record Type: Publication
- ISBN: 0309062055
- Files: TRIS, TRB
- Created Date: Nov 14 1997 12:00AM