Firm submits proposal to build private toll road near Dallas

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Firm submits proposal to build private toll road near Dallas

The council is studying a toll road proposed by the Texas Turnpike Corporation, a private company led by John Crew, an investment banker with long experience in researching and financing toll projects.

The company has proposed a PPP contract to buy the land, design, build, operate and maintenance a toll road which would connect Greenville and Wyle in Dallas.

Tom Shelton, a senior program manager with the North Central Texas Council of Governments, stated:

This would be a private-sector company that would 100 percent finance the project. As a result, they would take 100 percent of the risk, and they would take 100 percent of the benefits.

The proposed project is being studied as a part of the Blacklands Corridor, which includes parts of Dallas, Collin, Rockwall and Hunt counties.

A private road would have to be approved by the Texas Department of Transportation and comply with regional regulations. Another potential obstacle to the company's plans is the the North Texas Tollway Authority which, under state law, has the right of first refusal on any toll project in the region.

Several transport projects have been awarded in Texas this year. In early June Texas Department of Transportation (TxDOT) awarded the SH-183  Managed Lanes toll concession to the consortium SouthGate Mobility Partners which is formed by Kiewit Development Company and Kiewit Infrastructure South Company.

In late April TxDOT  announced that the joint venture formed by J.D. Abrams L.P. and Kiewit Infrastructure South Company had been chosen as preferred bidder to develop the Loop 375-Border Highway West Extension Project in El Paso.

List of country news

Country news

  • June 23, 2014

    Brisa hires advisor to restructure Northwest Parkway debt

    Portugal's Brisa Auto-Estradas SA, the operator of the Northwest Parkway, has hired Moelis & Co. to evaluate restructuring options for the toll road. Read more
  • June 23, 2014

    Kentucky launches tender for social P3 project

    The Kentucky Finance and Administration Cabinet has released a notice for a Request for Proposals (RFP) to develop a new Commonwealth building to be located in Frankfort. Read more
  • June 23, 2014

    Ex-Deloitte P3 expert joins Huron Consulting Group

    Huron Consulting Group, a provider of business consulting services, today announced that Jill L. Jamieson has joined the company as a managing director within its Public Sector practice. Jamieson brings a global perspective and a proven track record in the arena of public-private partnerships (P3), further expanding the offerings of Huron's Public Sector team. Read more
  • June 24, 2014

    K&M Advisors announces Alfonso Guzman as new President

    Washington DC-based K&M Advisors has announced that Alfonso Guzman has been appointed as new President of the firm. Read more
  • June 24, 2014

    Balfour Beatty reaches financial close on US$104 million Texas student accommodation project

    Balfour Beatty has reached financial close for phase one of the Texas A&M University student accommodation project valued at £62 million (US$104 million). Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.