homepage home
subscribe to Texas Construction magazine subscribe
newsletters free e-newsletter
industry jobs industry jobs
Dodge Data & Analytics
Texas Construction Logo
Order Your RISK FREE Subscription

State Approves $56 Million in Alternatively Financed Projects

Text size: A A

State transportation officials provided $56 million to be funded by the Texas Dept. of Transportation’s pass-through finance program for four projects including two in Midlothian.

The project funds break down like so: $26.2 million for U.S. 82 in Bowie County; $9.8 million for U.S. 67 at Rail Port Parkway/Miller Road in Midlothian; $2.5 million for Farm to Market 663 at U.S. 287 in Midlothian; and $17.5 million for Loop 463 in Victoria.

Pass-through financing is a tool the state created to stretch transportation funds allowing local communities to fund up-front costs for a state highway project. The state then reimburses a portion of the project costs to the community by paying a fee for each vehicle that utilizes a transportation facility.


----- Advertising -----
Blogs: Texas & La. Staff
Our blog delivers the latest news, insights, and opinions about Texas & Louisiana construction.
Reader Photos
Photos from ENR Texas & Louisiana Photo Showcase
Dodge Lead Center
Search for local construction projects OR CALL 877-234-4246 and get a FREE Lead Now!
Search by Project Type & State

----- Advertising -----
 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.