Project Profile: Central Texas Regional Mobility Authority 183N Mobility Project, Austin, Texas

The 183 North corridor provides access to downtown Austin, as well as businesses, major employment centers, religious institutions, school, parks, and trails, recreation centers, and residential areas, all or which would benefit from a reduction in congestion and reliable travel times for drivers, transit and emergency responders.

Source: Credit to the Central Texas Regional Mobility Authority 183N Mobility Project

Project Name	Central Texas Regional Mobility Authority 183N Mobility Project
Location	Austin, Texas
Project Sponsor	Central Texas Regional Mobility Authority
Program Areas
Value Capture Techniques	Transportation Corporations
Mode	Highway
Description	The 183N Mobility Project involves construction of two express lanes in each direction along US 183, extending from SH 45N/RM 620 to State Loop 1 (approximately nine miles), and the addition of a fourth general-purpose lane in areas where there is not one currently. The project also includes building auxiliary lanes, shared-use paths, sidewalks, and bicycle/pedestrian facilities. The express lanes will allow Capital Metro to increase bus service during peak periods. Capital Metro recently announced its purchase of almost 200 new electric buses, which will be utilized in the corridor.
Cost	$612.0 million
Funding Sources	$250.3 million TIFIA Loan (Direct loan) $104.2 million Federal funding for non-tolled portions of the roadway $265.0 million Toll Revenue Bonds
Project Delivery / Contract Method	Design-Build
Private Partner	Great Hill Constructors
Project Advisors / Consultants	N/A
Lenders	USDOT TIFIA
Duration / Status	The mobility projects and is expected to reach “substantial completion” by June 2025. Construction commenced in 2022. The project is expected to be completed in 2026.
TIFIA Credit Assistance	Direct loan: $250.3 million. The TIFIA loan will be repaid with gross toll revenues generated from the project.
Financial Status/Financial Performance	The TIFIA loan closed in late 2021. The loan has a 35-year duration and will be paid off in 2056.
Innovations	Reduce travel times and improve mobility for commuters, local drivers, visitors to the region, and people who prefer to use public transit, ride their bike or walk. Variable toll pricing will be used to keep traffic in the express lanes moving at least 45 miles per hour. Public transit buses, emergency responders, Capital Metro registered carpools and vanpools, MetroAccess vehicles, and State and Federal military vehicles will be able to use the 183 Express Lanes without paying a toll. The project is being procured using a design-build approach. The contractor is responsible for both producing the roadway design and constructing the project. The design-build delivery method can improve efficiencies, reduce costs, and provide a timelier project completion. The $250 million TIFIA loan for the 183N Mobility Project is actually the second TIFIA loan to the Central Texas Regional Mobility Authority under President Biden. The first financed three of their projects including 183A Phase III, 183S and 290E Phase III.
Related Links / Articles	Frequently Asked Questions Project Video The 183 North Mobility Project, https://www.183north.com/multimedia/photos-videos USDOT Loans Texas $250m for 183N Mobility Project
Contacts	James M. Bass was named Executive Director of the Central Texas Regional Mobility Authority https://www.mobilityauthority.com/about/executive-director (512) 996-9778

Central Texas Regional Mobility Authority 183N Mobility Project

The 183 North Mobility Project is being constructed by the Central Texas Regional Mobility Authority to improve safety, optimize system connectivity and enhance local mobility along the US183 Corridor.

183 Toll Pedestrian Bridge; A pedestrian bridge crosses the 183 toll project in Austin.

Source: Credit to Central Texas Regional Mobility Authority (CTRMA)