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Alternatively-Financed Projects Approved for Funding

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State transportation officials approved seven projects around the state that will be funded by TxDOTs pass-through finance program. The Texas Transportation Commission approved the $193 million list of projects.

Pass-through financing allows local municipalities or private entities to pay for costs to build a transportation project and get reimbursed from the state as the transportation project becomes operational. It allows local officials to reprioritize and accelerate projects.

Contracts will be negotiated and executed with the local entities to determine reimbursement schedules, developed as part of each individual pass-through agreement.

Projects selected include: FM 1093 - Fort Bend County - $39.6 million; FM 1957 - Bexar County - $55.6 million; SH 36 - Brazoria County - $29.4 million; U.S. 190 - Bell County - $20.1 million; Loop1-U.S. 290 interchange - Austin - $10.1 million; U.S. 377 - Hood County - $31 million; and Interstate 20 at U.S. 180 in Hudson Oaks - $7.9 million.

 

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