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Project Profiles

President George Bush Turnpike

Location

North Dallas Metroplex, Texas

Project Sponsor / Borrower

North Texas Tollway Authority (NTTA - formerly Texas Turnpike Authority) Texas Department of Transportation (TxDOT) North Central Texas Council of Governments (NCTCOG) Adjacent counties and cities

Program Areas

Project DeliveryProject FinanceRevenue - Road Pricing Revenue

Mode

Toll Highway

Description

The President George Bush Turnpike (PGBT) is a 30.5-mile circumferential toll roadway connecting various cities in the northern part of the Dallas Metroplex. Originally planned as an outer loop around the City of Dallas, the PGBT is an integral part of the metropolitan transportation system. The original facility was completed in 2006.

The Eastern Extension is a 9.9-mile extension of the PGBT to the south and east connecting SH-78 in Garland to IH-30. The 6-lane Eastern Extension received environmental clearance in late 2005. Construction began in October of 2008 and opened to motorists on December 21, 2011.

Cost

Original PGBT: $530.5 million

Eastern Extension: $1.05 billion

Funding Sources

Original PGBT

  • $135 million Section 129 Loan
  • $308 million TTA Toll-backed Revenue Bonds, now NTTA
  • $67 million Interest Earning
  • $20 million TTA Capital Improvement Fund, now NTTA
    • $530.5 million Total Cash Source Subtotal
  • $39 million Local Right-of-Way Donations
  • $30 million NTTA Capital Improvement Fund

Eastern Extension

  • $623 million NTTA Toll-backed Revenue Bonds
  • $413 million TxDOT
  • $9.1 million City of Garland
  • $5.4 million City of Rowlett
  • $0.6 million City of Sachse

Project Delivery / Contract Method

Design-Bid-Build for both projects

Private Partner

None

Project Advisors / Consultants

Original PGBT

  • Wilbur Smith Associates
  • HNTB
  • Dain Rauscher
  • McCall, Parkhurst & Horton Locke Liddell & Sapp

Lenders

Bondholders

Duration / Status

The original PGBT was fully opened in 2006. Construction on the Eastern Extension began in October 2008 and opened to motorists on December 21, 2011.

Financial Status

Original PGBT: Closed

Eastern Extension: A $160 million toll equity grant from TxDOT to the NTTA was approved on August 23, 2007 for ROW and other costs

Innovations

Original PGBT: The first project in the United States to benefit from TE-045 innovative finance provisions including:

  • $135 million Section 129 Loan (first Section 129 Loan in the country)
  • Partial Conversion of Advance Construction (PCAC)
  • Flexible Match

Related Links / Articles

NTTA PGBT Website

City of Sachse Project Update (Eastern Extension)

Contacts

Mark Bouma, P.E.
5900 W. Plano Parkway, Suite 800
Plano, TX 75093
E-mail: pgbtee@ntta.org
Phone: (972) 628-3116

Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000
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