Location | Dallas-Fort Worth Metroplex |
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Project Sponsor | Texas Department of Transportation (TxDOT) |
Program Areas | |
Mode | Highway / Express Lanes |
Description | The Midtown Express, formerly the SH 183 Managed Lanes Project, will increase the capacity and reconstruct portions of State Highway (SH) 183, SH 114 and Loop 12, which intersect one another southeast of Dallas-Fort Worth International Airport and northwest of Downtown Dallas. SH 183 is a critical east-west route between Dallas and Forth Worth originally built in the 1940s. The current roadway dates back to 1959, and has remained relatively unchanged since 1973 when one additional lane was added in each direction. Today, the highway serves as a primary connection between Dallas and Fort Worth, but it can no longer adequately meet the demand of 150,000 to 170,000 vehicles a day. The project will increase the capacity of the three roadways with the addition of one TEXpress (toll managed) Lane in each direction:
The project will be delivered using an innovative public-private partnership. TxDOT will provide $600 million in progress payments throughout the estimated 3.5-year construction period to the private partner. The remaining $247.6 million will be financed by the private partner and paid in five installments over five years following substantial completion. TxDOT will collect all tolls on the express lanes and compensate the private partner for operating and maintaining a portion of the project for 25 years after substantial completion. Additional plans for further expansion are also envisioned pending future funding availability. |
Cost | Total project cost - $1,415.1 million (YOE, based on Initial Financial Plan)
O&M payments over 25 years (present value)
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Funding Sources | Federal funds - $680.5 million State funds (motor fuels taxes, state vehicle registration fees, tolls/user fees, state and local bond programs, local governments' general funds) - $387.1 million Federal/state funds (expenditures incurred as of May 2014) - $347.5 million |
Project Delivery / Contract Method | DBF (design-build-finance) with O&M contract |
Private Partner | Southgate Mobility Partners (project developer/equity members)
Southgate Constructors (design-build contractor)
Parsons Transportation Group (design) Southgate Mobility Partners, Infrastructure Corporation of America (operations and maintenance) |
Project Advisors / Consultants | ARS Engineers Inc. Burgess Engineering and Testing Inc. Corsair Consulting LLC CP&Y Inc. Lamb-Star Engineering LP Innovative Engineering Associates Inc. Plenary Group The Transtec Group |
Lenders | To be determined pending financial close by the private partner |
Duration / Status | TxDOT and Southgate Mobility Partners executed a development contract on November 20, 2014 and Notices to Proceed were issued on December 2, 2014 and February 5, 2015. Construction began in April 2015. Estimated Substantial Completion in 2018. |
Financial Status | TxDOT has identified $600 million in public funds to compensate the private partner during construction. The remaining $247.6 million in project cost will be financed by the private partner and repaid by TxDOT from toll revenue and additional public funding sources as necessary in five installments over five years following substantial completion. No public debt or private equity is involved in the transaction. |
Innovations |
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Related Links / Articles | |
Contacts | Tony Hartzel |