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