Grand Parkway project in Houston to receive federal loan

Project was 80% complete as of May 2021 and is on schedule to reach completion by April 2022

August 24, 2021 / 1 minute read
Grand Parkway project in Houston to receive federal loan
Image: TxDOT | Grand Parkway Infrastructure

The U.S. Department of Transportation (U.S. DOT) will provide a $605.33 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the SH 99 Grand Parkway Segments H & I in Houston.

According to U.S. DOT, the project is the outer ring tollway construction project in the Greater Houston area, developing the next sections of a proposed 184-mile circumferential tollway known as the Grand Parkway. The project’s sponsor is the Texas Department of Transportation (TxDOT), which initiated the TIFIA loan in 2015.

According to the project website, TxDOT awarded the $855 million design-build construction contract for Segments H, I-1 & I-2 to Grand Parkway Infrastructure, a joint venture led by global infrastructure leader Ferrovial Agroman, along with Webber LLC and Granite Construction Inc. in March 2017.

The first five segments of the system, Segments D-G, were completed in stages and commenced tolling operations between February 2014 and April 2016.

Construction along the corridor, stretching from the U.S. 59/IH 69 interchange to the north and SH 146 in Baytown to the south, commenced in 2018. The project will include 43.6 miles of new highway construction, toll installation and configuration, and toll equipment upgrades along the existing 8.7-mile four-lane corridor of the toll lane facility. 

The project was 80% complete as of May 29, 2021 and is on schedule to reach completion by April 2022. 

----------

SOURCE: U.S. DOT | Texas DOT | Grand Parkway Infrastructure

Related Articles

Missouri, Arkansas celebrate ribbon cutting for I-49 Connector
Image: Missouri DOT
Gov. Mike Parson (R-Missouri) and Gov. Asa Hutchinson (R-Arkansas) recently joined together at a ribbon cutting to celebrate the completion of the I-…
October 06, 2021
It’s been referred to by Connecticut Governor Ned Lamont as “the congestion buster,” a project that had been anticipated for years, especially by…
October 05, 2021
If you’ve driven through North Carolina on I-95 recently, you may have experienced some congestion between the cities of Fayetteville and Dunn. The…
October 05, 2021
Upcoming projects for the I-35/I-240 Crossroads interchange advanced in the Eight-Year Construction Work Plan
Upcoming projects for the I-35/I-240 Crossroads interchange advanced in the Eight-Year Construction Work Plan. Image: Oklahoma DOT
The Oklahoma Department of Transportation (ODOT) is maximizing new dollars to plan for more than 1,600 critically needed highway construction and…
October 05, 2021
expand_less