$150 Million Approved for Engineering on Texas’ Congested Corridors
Written by Post Public Information Representative, Jun 9, 2010, 0 Comments
Courtesy Raul Leal,
AUSTIN– The Texas Transportation Commission today approved the use of $150 million in Proposition 12 bond proceeds for consultant engineering that will enable the development of future projects and reduce congestion on some of Texas’ most congested corridors.
All of these projects will help make improvements to the top 100 congested segments of roadways on the Texas Department of Transportation’s (TxDOT) highway system. In cooperation with the state’s transportation partners, TxDOT developed a list of potential projects to be developed with these funds.
According toTexas Transportation Commissioner Ned Holmes, “this funding will allow these critically-needed projects to continue the engineering work necessary to commence construction when future funding is available.”
In July 2009, the Texas Legislature authorized TxDOT to issue approximately $2 billion in general obligation bonds for highway improvements. Texas voters approved Proposition 12 bonds, which are backed by the state’s general revenue not by fuel tax revenues.
In November 2009, the Texas Transportation Commission approved using Proposition 12 bond revenue to fund more than 70 highway construction projects.
For more Proposition 12 information, go to
http://www.txdot.gov/project_information/prop12.htm.
