Grand Parkway project moving forward

Tuesday, 06 November 2012 17:06

 

TxDOT recently announced that it has selected a design-builder for sections of the Grand Parkway that will run south of Tomball and into Montgomery County.

Zachry-Odebrecht Parkway Builders, J.V., was selected to develop, design, construct and maintain sections F-1, F-2 and G. The sections will complete about 38 miles of the toll road project, from US 290 to US 59 North. The project is expected to cost just more than $1 billion.

Construction will begin in 2013 and TxDOT is hopeful work can be completed in 2015. After the project is completed the developer will handle capital maintenance responsibilities for up to three consecutive five-year terms. TxDOT officials went on to explain that they still own the project and will continue to when the highway is complete.

TxDOT held two public hearings to discuss the financial aspects of the project Oct. 30. Those that attended heard how TxDOT planned to pay for the project.

Officials said that TxDOT will fund the project with toll revenue bonds issued by the Grand Parkway Transportation Corporation (GPTC). Officials with that group expect to issue just less than $3 billion in debt to finance design costs, construction and right-of-way acquisition. They anticipate to pay the debt within 40 years strictly with toll revenue.

Learn more about the project by visiting www.txdot.gave and use keyword Grand Parkway.

 

Published in Top News
Read more...

News Category Menu

  • Popular
  • Latest
  • Comments
  • Tags
Subscribe to this RSS feed
Subscribe to this RSS feed
2nd Saturday 9/11 70th anniversary AAR Abandoned Animal Rescue abuse academic team accident Adrian Garcia Allen Fletcher Ambassador animal resuce annexation anniversary arrest arson assault assessor audit award awards BACA BBQ cookoff bilingual Bill of Rights Blotter body body found Bond 2013 bond forum bond issue Boy Scouts Bruce Hillegeist Bunny Run 5K burglary Bush Intercontinental Airport business luncheon Campaign 2012 Cannes Film Festival Car Raffle cats c ats caught on tape CBL CERT Chairman's Ball charges dropped Charity Chase Parker child abuse child molestation ChristBridge Fellowship Chirch Christian Business Luncheon city council City of Magnolia City of Tomball classic clinic cold front collector college community service comprehensive plan Concordia Lutheran High School Congress crash Crime crime local law enforcement report tomball texas crime report curfew Dawson Duerer death debate DECA deceased depot development Dianne Feinstein Dick Durbin Dinner with the Wildcats disaster preparedness dispute dogs domestic violence donation boxes donations drunk driving DWI East 1488 CERT economic development education education funding Egypt elections embezzlement emergency management equipment events exercise expansion Families Feeding Families farmers market fatal fatal accident federal court fencing ordinance FFA Fields Store Elementary Field Store Elementary fire fire rating First Friday fish fry fitness Food Drive Four Corners fraud fundraiser Fun Run garage sale George Bush Intercontinental Airport German Heritage Festival golf Governor Rick Perry Grand Parkway Greater Magnolia Chamber of Commerce Greater Tomball Area Chamber of Commerce Greater Tomball Chamber of Commerce Gretchen Fagan growing pains growth GTACC guilty gun gun control Halloween Harris County Harris County Deputies Organization Harris County District Attorney Harris County Pct 4 Constable Harris County Sheriff's Office Health health care heart attack hit and run home invasion Honky Tonk Music Festival honor Houston Houston Livestock Show & Rodeo Houston Police Houston Texas hurricane IAH illegal immigration impact fees investigation Isaac Jesse Dains JL Lyon Elementary John Neubauer kidnapping Kroger landmarks law enforcement law enforcement report Libya loan Lone Star College magnolia Magnolia Academic Team Magnolia Area Chamber of Commerce Magnolia City Council Magnolia Community Foundation Magnolia Fire Department Magnolia High School Magnolia Historical Society Magnolia ISD Magnolia on the Move Magnolia Parkway Chamber of Commerce Magnolia Police Magnolia Rotary Club Magnolia Showdown Magnolia Texas Magnolia Tomball YMCA Magnolia Town Center Magnolia Volunteer Fire Department Magnolia West High School mandatory Mardi Gras Mardi Gras on the Stroll Mars Mayor Mayor Gretchen Fagan medical missing Miss Tomball Montgomery County Montgomery County District Attorney Montgomery County Fire Marshal Montgomery County Pct 5 Constable Office Montgomery County Sheriff Montgomery County Sheriff's Office Montgomery County Texas Moon movies Mueller BBQ Murder NASA networking networking breakfast new business New Orleans no refusal Northwest EMS Obama Officer of the Month pageant parent summit Partners Giving Campaign Patriots & Heroes Outdoors PBS pet adoption Pet of the Week pet rescue pets Pinehurst Texas police police beat police blotter pool Premiere Cinemas project show property tax deadline public education rape red light cameras Relay for Life Republicans research restoration retirement Rick Brown Rick Fontes rights robbery Rosalie Dillon safety Salem Lutheran Church Salem Lutheran School schools school safety science science fair severe sexual assault SH 249 Shattered Lives of Tomball shooting Sign Ordinance SOS space spelling bee Spring Fitness Sprint State of the City State of the State stations steering committee storms Students of the Month Super Bowl of Caring superintendent suspect Tackle Hunger tailgate tankers taxes Teacher of the Month TEAM TEDC Ted Cruz Terri Kelley terrorism texas Texas A&M University Texas legislature Texas Principal of the Year Texas Renaissance Festival Texas Ren Fest Thanksgiving theater theft Theodore Hale The Stroll The Tribune The Woodlands Texas The Y Thomas Jefferson Timber Creek Elementary toll road tomball Tomball Bunny Run Tomball business park Tomball City Council Tomball Cougar Charms Tomball Economic Development Tomball FFA Show Tomball Fire Tomball Fire Department Tomball High School Tomball ISD Tomball Magnolia Montgomery Metro Go Texan Committee Tomball Memorial High School Tomball Memorial Silver Stars Tomball Night Tomball Police Tomball Regional Medical Center Tomball Retirement Center Tomball Rotary Tomball Rotary Club Tomball Sister City Organization Tomball Texas tornadoes tornado watch tournament traffic safety train training Train Town TxDOT Union Pacific Unity Park Urban Cowgirl urban sprawl veteran veterans Walk of Fame Walk Tomball Waller County Waller High School Waller ISD Waller Texas weather wedding anniversary wounded soldiers yearbook photos YMCA youth youth sports

Fast look through

Subscribe to this RSS feed

Subscribe to The Tribune

We would  like to hear from you.  Please enter your email address below