- Briefing Room
Source: Credit to the Central Texas Regional Mobility Authority 183N Mobility Project
Central Texas Regional Mobility Authority 183N Mobility Project
Central Texas Regional Mobility Authority
|Value Capture Techniques||
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.
$250.3 million TIFIA Loan (Direct loan)
|Project Delivery / Contract Method||
Great Hill Constructors
|Project Advisors / Consultants||
|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.
|Related Links / Articles||
The 183 North Mobility Project, https://www.183north.com/multimedia/photos-videosUSDOT Loans Texas $250m for 183N Mobility Project
James M. Bass was named Executive Director of the Central Texas Regional Mobility Authority
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.
Source: Credit to Central Texas Regional Mobility Authority (CTRMA)