photo credit: AGL Constructors
Location | Dallas, Texas |
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Project Sponsor | Texas Department of Transportation |
Program Areas | |
Mode | Highway / Express Lanes |
Description | The 35Express project includes nearly 30 miles of improvements to heavily congested I-35E between US 380 in Denton and I-635 in the northwest corner of Dallas. This corridor serves hundreds of thousands of commuters, handles substantial daily truck traffic, and is a primary link to major universities in the city of Denton, including the fourth-largest university in the state, the University of North Texas. The project is also adding frontage roads across Lake Lewis to improve north-south commuting options. In its ultimate configuration, the $4.8 billion project will rebuild the full corridor while adding tolled express lanes to provide a reliable alternative to the general purpose lanes and frontage roads. The project is being constructed in phases. Phase 1's elements included:
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Cost | $1.4 billion (Phase 1) |
Funding Sources | Federal funds - $460 million TIFIA Loan - $285 million Regional toll revenue (SH 121) - $534 million Other state funding - $160 million Local funding - $14 million |
Project Delivery / Contract Method | Design-build |
Private Partner | Design-build joint - AGL Constructors
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Project Advisors / Consultants | To TxDOT
To USDOT TIFIA JPO
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Lenders | USDOT TIFIA |
Duration / Status | Design-build contract awarded December 2012. Design notice to proceed issued May 2013. Construction began October 2013. New southbound Lewisville Lake Bridge opened in September 2016. Phase 1 was completed in 2018. |
TIFIA Credit Assistance | Direct loan: $285 million. The TIFIA loan is being repaid through a pledge of the project's gross toll revenues. |
Financial Status | The TIFIA credit agreement was signed on November 3, 2016. Loan repayments began in 2022 and final maturity is anticipated in 2052. |
Innovations | The 35Express added to the Dallas Fort Worth's regional express lane network (TEXpress) that provides reliable travel throughout many of the region's most congested corridors. |
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