DOCSLIB.ORG

2014 Forecast.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2014 Forecast.Pdf Central Texas Turnpike System 2014 Traffic & Revenue Study Prepared by: Stantec Consulting Services Inc. December 30, 2014 CTTS Traffic & Revenue Study December 30, 2014 TABLE OF CONTENTS EXECUTIVE SUMMARY ................................................................................................................................. 1 1.0 INTRODUCTION ............................................................................................................................ 1.1 1.1 Central Texas Turnpike System ....................................................................................................... 1.1 1.2 Study Purpose, Methodology, and History .................................................................................. 1.2 1.3 Organization of the Report ............................................................................................................. 1.3 1.4 Consultant Team .............................................................................................................................. 1.4 2.0 REGIONAL TRANSPORTATION NETWORK ................................................................................... 2.1 2.1 CTTS ..................................................................................................................................................... 2.1 2.2 Other Toll Roads in Austin Area ...................................................................................................... 2.3 2.3 Non-Toll Roadway Network in Austin ............................................................................................ 2.4 2.4 Recent and Proposed Key Network Improvements .................................................................. 2.6 2.4.1 2012 – 2013 Key Network Improvements ................................................................. 2.7 2.4.2 2014-2015 Key Network Improvements .................................................................... 2.8 2.4.3 2016 – 2020 Key Network Improvements ...............................................................2.10 2.4.4 2021 – 2030 Key Network Improvements ...............................................................2.13 2.4.5 2031 – 2040 Key Network Improvements ...............................................................2.16 3.0 EXISTING TRAVEL PATTERNS ........................................................................................................ 3.1 3.1 Traffic Volumes .................................................................................................................................. 3.1 3.2 Travel Speeds .................................................................................................................................... 3.7 4.0 TOLL COLLECTION ........................................................................................................................ 4.1 4.1 Methods of Toll Collection .............................................................................................................. 4.1 4.2 Historical and Current Toll Rates .................................................................................................... 4.1 4.3 Policy Regarding Future Rates ....................................................................................................... 4.3 4.4 Future Toll Rates ................................................................................................................................ 4.5 4.5 PBM and Violation Procedures ...................................................................................................... 4.7 4.5.1 Standard Violators........................................................................................................ 4.8 4.5.2 Habitual Violators ......................................................................................................... 4.8 4.6 Customer Service Center Revenues ............................................................................................. 4.9 5.0 HISTORICAL CTTS TOLL TRANSACTIONS AND REVENUE ............................................................ 5.1 5.1 Monthly and Annual Transactions and Revenue ....................................................................... 5.1 5.2 Vehicle Class Distribution ................................................................................................................ 5.5 5.3 Weekday and Seasonal Patterns .................................................................................................. 5.7 5.4 Payment Method Distribution ........................................................................................................ 5.8 5.5 Transaction Payment Status .........................................................................................................5.10 6.0 SOCIOECONOMIC DATA ............................................................................................................ 6.1 6.1 Regional Trends ................................................................................................................................. 6.1 6.1.1 Regional Population .................................................................................................... 6.2 6.1.2 Regional Employment ................................................................................................. 6.7 6.2 Update of TAZ Level Estimates .....................................................................................................6.15 6.2.1 Methodology ..............................................................................................................6.15 6.2.2 TAZ Population & Employment ................................................................................6.18 i CTTS Traffic & Revenue Study December 30, 2014 6.3 Regional Development Trends ....................................................................................................6.21 6.3.1 Housing Trends ............................................................................................................6.21 6.3.2 Austin ............................................................................................................................6.24 6.3.3 Cedar Park ..................................................................................................................6.28 6.3.4 Leander ........................................................................................................................6.28 6.3.5 Georgetown................................................................................................................6.29 6.3.6 Round Rock .................................................................................................................6.30 6.3.7 Hutto .............................................................................................................................6.31 6.3.8 Pflugerville ....................................................................................................................6.31 6.3.9 Manor ...........................................................................................................................6.32 6.3.10 Buda .............................................................................................................................6.32 6.3.11 Kyle ................................................................................................................................6.33 7.0 MODEL VALIDATION AND REFINEMENT ..................................................................................... 7.1 7.1 Travel Demand Model Development .......................................................................................... 7.1 7.1.1 Highway Assignment Process Modifications ........................................................... 7.9 7.2 Model Calibration ............................................................................................................................ 7.9 7.2.1 Speed Calibration ........................................................................................................ 7.9 7.2.2 Aggregate Calibration by Facility Type and Area Type ....................................7.12 7.2.3 Screenline Calibration ...............................................................................................7.13 7.2.4 Calibration of Toll Transactions by Mode and by Payment Method ...............7.18 7.3 Elasticity Analysis .............................................................................................................................7.24 8.0 TRAFFIC & REVENUE FORECASTS ................................................................................................ 8.1 8.1 SH 45 N and Loop 1 .......................................................................................................................... 8.2 8.1.1 SH 45 N and Loop 1 Schematic Traffic Diagrams .................................................. 8.2 8.1.2 SH 45 N and Loop 1 Screenline Analysis .................................................................. 8.8 8.1.3 SH 45 N and Loop 1 Traffic and Revenue Assumptions ......................................8.11 8.1.4 SH 45 N and Loop1 Transactions and Revenue by Paypoint ............................8.12 8.1.5 SH 45 N and Loop 1 Traffic and Revenue Forecasts ...........................................8.14 8.2 SH 130 ................................................................................................................................................8.17 8.2.1 SH 130 Schematic Traffic
Load more

Recommended publications
  • Freescale Powerpoint Template
    Welcome and opening remarks by the Chairman and members of the Board of Directors Agenda Item #1 November 8, 2017 Opportunity for public comment Agenda Item #2 November 8, 2017 Regular Items Agenda Items #3-9 November 8, 2017 Approve the minutes from the September 26, 2017 Special Called Board meeting Agenda Item #3 Geoff Petrov, General Counsel November 8, 2017 Accept the financial statements for September 2017 Agenda Item #4 Mary Temple, Controller November 8, 2017 Approve the annual compliance report to the Texas Department of Transportation required by 43 Texas Administrative Code §26.65 Agenda Item #5 Mary Temple, Controller November 8, 2017 Consider and, potentially, modify the annual toll rate escalation for the CTRMA Turnpike System Agenda Item #6 Bill Chapman, Chief Financial Officer November 8, 2017 Total System Transactions 9000000 8000000 7000000 2007 2011 6000000 2012 2013 5000000 2014 2015 2016 4000000 2017 3000000 2000000 1000000 0 January February March April May June July August September October November December 8 Approve an interim loan from Regions Commercial Equipment Finance, LLC for the settlement related to the MoPac Improvement project Agenda Item #7 Bill Chapman, Chief Financial Officer November 8, 2017 Authorize procurement of professional engineering design services for the 183A Phase III Project Agenda Item #8 Justin Word, P.E., Director of Engineering November 8, 2017 Project Description & Background Project Description • The Central Texas Regional Mobility Authority is proposing to extend the existing 11.6 mile 183A Toll Road north from Hero Way to SH 29. • The 5.3 mile proposed roadway will have up to three tolled lanes in each direction.
    [Show full text]
  • Latest Annual Report
    Annual Report 2017 3461 Carmen Ave. Rancho Viejo, TX 78575 (956) 621-5571 ON THE COVER Freight truck passing through State Highway 550 (I-169), Port Spur Table of Contents Message from Chairman ..................................................................1 Message from Executive Director ......................................................2 Why the RGV ...................................................................................3 Overview ...........................................................................................5 Projects State Highway 550/Interstate 169 .....................................................7 Toll Processing Services ....................................................................9 South Padre Island Second Access ................................................. 11 State Highway 32 .............................................................................13 Highlights Financials .........................................................................................15 Community Outreach .................................................................... 17 Message From The Chairman Since our creation in 2004, objectives that focus on strategic the Cameron County Regional corridor development, which help Mobility Authority (CCRMA) achieve quality transportation has made signifcant progress to within our county and region. fnd new and innovative tools to The CCRMA will continue reduce the problems of congestion to be recognized as a leader in and connectivity while facilitating Texas
    [Show full text]
  • Paying My Mobility Authority Toll
    PAYING MY MOBILITY AUTHORITY TOLL The Central Texas Regional Mobility Authority operates the following toll roads in Travis and Williamson counties: 183A 290 71 MoPac 45SW 183 Toll Road Toll Road Toll Lane Express Lane Toll Road Toll Road These toll roads are completely automated, with no need to stop or even slow down at toll booths. Customers can either pay through their tag account or pay by mail. TOLL PAYMENT OPTIONS Save 33 percent with any of the following electronic tags: ELECTRONIC PAYMENT METHODS TxTag is TxDOT’s electronic payment method accepted on all Texas toll roads. www.TxTag.org TollTag is North Texas Tollway Authority’s electronic payment method and is accepted on all Texas toll roads. www.NTTA.org EZTAG is Harris County Toll Road Authority’s electronic payment method, and is also accepted on all Texas toll roads. www.hctra.org K-TAG is the Kansas Turnpike Authority’s (KTA) electronic payment method, and is also accepted on all Texas toll roads. Reciprocally, TxTag is accepted on KTA roadways. www.myktag.org PIPKEPASS is the Oklahoma Turnpike Authority’s (OTA) electronic payment method, and is also accepted on all Texas toll roads. Reciprocally, TxTag is accepted on OTA roadways. www.pikepass.com Bancpass provides consumers the convenience of a toll tag while managing your account, your way. Cash reloadable option, no minimum balance, you choose how much, and when to reload. www.bancpass.com PAY BY MAIL Customers who do not have an electronic toll tag will receive a bill through the Pay By Mail program.
    [Show full text]
  • FORT BEND COUNTY TOLL ROAD AUTHORITY FINANCIAL REPORT for the Year Ended September 30, 2014
    FORT BEND COUNTY TOLL ROAD AUTHORITY FINANCIAL REPORT For the Year Ended September 30, 2014 Prepared by: Fort Bend County Auditor's Office Robert Ed Sturdivant, CPA County Auditor FORT BEND COUNTY TOLL ROAD AUTHORITY TABLE OF CONTENTS Page(s) INTRODUCTORY SECTION Letter of Transmittal i-iii FINANCIAL SECTION Independent Auditors’ Report 1-2 Management’s Discussion and Analysis 3-7 Basic Financial Statements Statement of Net Position 11 Statement of Revenues, Expenses and Changes in Net Position 12 Statement of Cash Flows 13 Notes to the Financial Statements 14-20 OTHER SUPPLEMENTARY INFORMATION (Unaudited) SECTION Statement of Revenues, Expenses and Changes in Net Position 22-23 Revenues by Toll Road Components/Segments 24-25 Traffic Count Table 26-27 Historical Toll Road Operating Results and Coverages 28-29 Toll Rate Schedule 30 COUNTY AUDITOR Fort Bend County, Texas Robert Ed Sturdivant 281-341-3769, 281-341-3744 (fax) County Auditor [email protected] March 12, 2015 To the Board of Directors of the Fort Bend County Toll Road Authority, Members of the Commissioners Court, and Citizens of Fort Bend County, Texas: The Fort Bend County Auditor’s Office is pleased to present the basic financial statements of the Fort Bend County Toll Road Authority (the “Authority”), a component unit of Fort Bend County, Texas (the “County”), for the fiscal year ended September 30, 2014. This report is submitted in accordance with Section 114.025 of the Texas Local Government Code and was prepared by the staff of the County Auditor’s Office. Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control that it has established for this purpose.
    [Show full text]
  • Preliminary Plat PROJECT NUMBER 19-TOD-PP-011
    DATE MESSINA COMMERCIAL BY preliminary plat PROJECT NUMBER 19-TOD-PP-011 183A-TOLL ROAD REVISION OWNER: JEAN BAPTISTE, LTD. WILLIAMSON COUNTY AND THE CITY OF LEANDER, TEXAS 2911 DOVER PLACE AUSTIN, TX 75757 SUBMITTAL DATE: MAY 8, 2019 ENGINEER: LANDDEV CONSULTING LLC 5508 HIGHWAY 290 WEST - SUITE 150 AUSTIN, TX 78735 (512) 872-6696 NO. DEVELOPER: JEAN BAPTISTE, LTD. 2911 DOVER PLACE RIVA AUSTIN, TX 75757 RIDGE DR. Sheet List Table SURVEYOR: DELTA SURVEY GROUP INC. SIGNAL HILL DR. Sheet Number Sheet Title 8213 BRODIE LANE SUITE 102 1 COVER SHEET AUSTIN, TEXAS 78745 (512) 282-5200 HIGH GABRIEL E. 2 EXISTING CONDITIONS PLAN SUBJECT 3 PRELIMINARY PLAT PROPERTY 4 PRELIMINARY UTILITY PLAN GENERAL INFORMATION: U. S. HWY. 183 ZONING: COTTAGES AT BRYSON PUD (LOCAL COMMERCIAL - 2 - A) FUTURE LAND USE CATEGORY: MIXED USE CORRIDOR 78735 CR 276 NO OF LOTS: 3 ∙ AMANDAS LEGAL DESCRIPTION: WAY 512.872.6696 SURVEY OF A 5.73 ACRE TRACT, PREPARED BY DELTA SURVEY GROUP, INC., IN APRIL 2018, LOCATED IN THE W. MANSIL SURVEY, ABSTRACT NUMBER 437, BEING A FIRM NO. 16384 PORTION OF THE REMAINDER OF A CALLED 29.60 ACRE TRACT (TRACT ONE) CR 276 DESCRIBED IN DOCUMENT NUMBER 2010069763, OFFICIAL PUBLIC RECORDS, WILLIAMSON COUNTY, TEXAS. AUSTIN, TX OFFICE: US HWY 183 A consulting, llc GENERAL NOTES: 5508 HIGHWAY 290 WEST, SUITE 150 1. THIS SUBDIVISION IS WHOLLY CONTAINED WITHIN THE CURRENT CORPORATE LIMITS OF THE CITY OF LEANDER, TEXAS. 2. BUILDING SETBACKS NOT SHOWN HEREON SHALL COMPLY WITH THE MOST CURRENT, APPLICABLE ZONING ORDINANCE OF THE CITY OF HERITAGE LEANDER.
    [Show full text]
  • News Release
    NEWS RELEASE For Immediate Release: April 30, 2007 Contact: Steve Pustelnyk 512-996-9778 (office) 512-680-9997 (cell) TxTag Customers Get a Free Ride on 183A in May (Cedar Park, Texas) – The Central Texas Regional Mobility Authority is offering drivers the chance to extend their free ride on the new 183A toll road. When tolls take effect May 1, drivers with a funded TxTag account can continue to drive for free in May and will get 50% off in June. A permanent 10% discount for TxTag customers will take effect July 1. The $238 million 183A project has been a huge success since opening to traffic on March 3, 2007. During the first two months of operation, drivers have been getting the chance to try out the road for free, and the Mobility Authority has been registering more than 90,000 transactions a day, exceeding projections by more than 365%. “We have received a lot of positive feedback from customers who say they are saving as much as 30 minutes on their commute by using 183A,” said Steve Pustelnyk, Director of Communications for the Mobility Authority. “Reports indicate that traffic choked US 183 has been flowing much more smoothly since 183A opened.” A portion of 183A near Lakeline Mall features an all-electronic TxTag toll plaza where cash will not be accepted. In order to use that section of 183A, drivers will need to have a TxTag before tolls take effect on May 1. To make it as easy as possible to get TxTag, the Mobility Authority is sponsoring a number of special sign-up activities along the 183A corridor.
    [Show full text]
  • Community Profile Location
    COMMUNITY PROFILE LOCATION Welcome to Cedar Park, Texas ! Cedar Park is the third largest city in the Austin metropolitan area, known for its outstanding schools, pro-business climate and relaxed family environment. Named one of Family Circle’s Top 10 Places to Raise a Family, Cedar Park offers all the benefits of life in the beautiful Texas Hill Country, with desirable neighborhoods, an entrepreneurial business environment, and an effective, conservatively managed city government. Our commitment to growth and a high quality of life make Cedar Park the right choice for you, your family, and your business! Cedar Park is part of the Austin-Round MAJOR CITIES DISTANCE IN MILES Rock MSA (population 2 million*), the 4th largest region in the state of Texas. Cedar Austin (Downtown) 17 Park is located in western Williamson San Antonio 90 County (population estimate 508.514*), Houston 175 one of the top 10 fastest-growing counties Dallas-Fort Worth 190 in the nation. Laredo 250 Cedar Park is located in the Texas Hill Country with an elevation of 906 ft. The climate is classified as humid subtropical, Dallas—Fort Worth with hot summers and mild, typically dry winters. CEDAR PARK Freezing temperatures occur Austin San Antonio only about 25 days per year. While Houston summer days are hot, summer nights are usually pleasant. There are 111 days each year with temperatures above 90 °F, usually from June until Laredo September. Austin receives 31.35 in. of rain per year, with most of the precipitation in the spring. *Source: Austin Chamber of Commerce LOCATION CLIMATE MINIMUM AVERAGE MAXIMUM 37.3º F 48.1º F 58.9º F Januarylive Temperatures 71.5º F 82.8º F 94.0º F July Temperatures Avg.
    [Show full text]
  • 2018 Traffic and Revenue Forecast
    VOLUNTARY DISCLOSURE FILING Filed by the Texas Transportation Commission Date of Filing: January 29, 2020 Evaluation and Confirmation of Central Texas Turnpike System 2018 Traffic and Revenue Study Forecast In connection with the offering by the Texas Transportation Commission (the "Commission") of the proposed Central Texas Turnpike System Revenue Refunding Bonds (the "Bonds"), Stantec Consulting Services Inc, ("Stantec"), the acting Traffic Consultant for the Commission in connection with the Central Texas Turnpike System (the "System"), reviewed the report they prepared titled Central Texas Turnpike System 2018 Traffic & Revenue Study dated August 29, 2018 (the "2018 Report") to determine if changes to the underlying economics and other conditions warrant any change to the original forecast. Stantec has issued a letter dated as of January 21, 2020 (the "2020 Update Letter") updating the 2018 Report. For more information regarding the System, the 2020 Update Letter and the 2018 Report, please refer to the Preliminary Official Statement dated January 28, 2020, for the Commission's Bonds which is accessible here and contains updated information regarding the System including the 2020 Update Letter and the 2018 Report. After pricing the Bonds, the final Official Statement will also be filed under the base CUSIPs for the Bonds. This filing is not required to be provided by the Commission or the Texas Department of Transportation ("TxDOT") pursuant to their respective contractual continuing disclosure undertaking relating to their outstanding obligations and, accordingly, should not be construed as obligating the Commission or TxDOT to provide such additional information in future continuing disclosure filings or to provide any updates to the information contained in this filing.
    [Show full text]
  • News Release
    NEWS RELEASE For Immediate Release: October 5, 2007 Contact: Steve Pustelnyk 512-996-9778 (office) 512-680-9997 (cell) Study Shows 183A Toll Road Benefits All Drivers (Austin, Texas) – A study commissioned by the Central Texas Regional Mobility Authority has found the 183A toll road is creating significant time savings for all drivers, whether they use 183A or not. The study also found significant reductions in traffic on non-tolled roads, including US 183 and Parmer Lane. In 2004, the average morning rush hour drive time on the non-tolled US 183 from the San Gabriel River to RM 620 near Lakeline Mall was 36 minutes. Today, this same trip takes just 19 minutes, a reduction of nearly 50%. Drivers using the 183A toll road save even more time, cutting the previously 36-minute trip to just 13 minutes, a time savings of more than 60% over 2004. These improvements come despite significant economic growth in the area. For example, the population of Leander has nearly doubled since 2003, rising from 13,846 residents to 26,000. The study also examined how 183A has impacted actual traffic volumes. On US 183, traffic has been reduced by as much as 27% since 183A opened. On Parmer Lane/Ronald Reagan Boulevard, traffic has decreased by as much as 29%. More than 25,000 vehicles each day have switched from those previously traveled roadways to the 183A toll road, improving mobility for everyone in the region. “This data proves that toll roads benefit everyone in the community,” says Mike Heiligenstein Executive Director of the Mobility Authority.
    [Show full text]
  • Commissioners Court
    THE STATE OF TEXAS § § COUNTY OF FORT BEND § The Commissioners Court of Fort Bend County, Texas, (“Commissioners Court”) convened in REGULAR SESSION AT A REGULAR TERM OF SAID COURT, open to the public, on the _____ day of _____________, 2016, at the County Courthouse, with a quorum of said Court present: Whereupon, among other business the following was transacted at said meeting: a written order entitled: AMENDED AND RESTATED ORDER ESTABLISHING A TOLL RATE SCHEDULE FOR THE FORT BEND GRAND PARKWAY TOLL ROAD; PROHIBITING THE OPERATION OF A MOTOR VEHICLE ON THE ROAD AFTER FAILURE TO PAY REQUIRED TOLL OR CHARGE; ESTABLISHING AN ADMINISTRATIVE ADJUDICATION HEARING PROCEDURE FOR VIOLATION OF THIS ORDER; CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT (the “Order”) was duly introduced for the consideration of the Commissioners Court and reviewed in full. It was then duly moved by ____________________________ and seconded by ______________________________________ that the Order be passed; and, after due discussion, the motion, carrying with it the passage of the Order, prevailed and carried by the following vote: AYES: NOES: ABSENT: The County Judge thereupon announced that the Order has been duly and lawfully adopted. The Order thus adopted follows: AMENDED AND RESTATED ORDER ESTABLISHING A TOLL RATE SCHEDULE FOR THE FORT BEND GRAND PARKWAY TOLL ROAD; PROHIBITING THE OPERATION OF A MOTOR VEHICLE ON THE ROAD AFTER FAILURE TO PAY REQUIRED TOLL OR CHARGE; ESTABLISHING AN ADMINISTRATIVE ADJUDICATION HEARING PROCEDURE FOR VIOLATION OF THIS ORDER; CONTAINING OTHER PROVISIONS RELATING TO THE SUBJECT RECITALS WHEREAS, the Fort Bend Grand Parkway Toll Road Authority is operating the Fort Bend Grand Parkway on behalf of Fort Bend County; and WHEREAS, the Commissioners Court of Fort Bend County desires to amend the established toll rate schedules policies and procedures relating to the operation and toll violation enforcement on the Fort Bend Grand Parkway (as defined below); NOW, THEREFORE, IT IS ORDERED BY THE COMMISSIONERS COURT OF FORT BEND COUNTY, TEXAS THAT: Section 1.
    [Show full text]
  • Final Environmental Assessment
    FINAL Environmental Assessment 183 North Mobility Project From Loop 1 (MoPac) to State Highway 45/Ranch-to-Market Road 620 CSJs: 0151-05-100 & 3136-01-185 Travis and Williamson Counties, Texas April 2016 The Environmental review, consultation and other actions required by applicable Federal environmental laws for this project are being, or have been, carried-out by TxDOT pursuant to 23 U.S.C. 327 and a Memorandum of Understanding dated December 16, 2014, and executed by the Federal Highway Administration and TxDOT. [This page left blank intentionally] Table of Contents 1.0 INTRODUCTION ................................................................................................................... 1 2.0 PURPOSE AND NEED ......................................................................................................... 9 2.1 NEED FOR THE PROPOSED PROJECT ........................................................................................................... 9 2.2 PURPOSE OF THE PROPOSED PROJECT ..................................................................................................... 10 3.0 ALTERNATIVES.................................................................................................................. 11 3.1 PRELIMINARY ALTERNATIVES ..................................................................................................................... 11 3.2 REASONABLE ALTERNATIVES ..................................................................................................................... 11 3.3
    [Show full text]
  • An Audit Report on the Department of Transportation's Oversight Of
    John Keel, CPA State Auditor An Audit Report on The Department of Transportation’s Oversight of Regional Mobility Authorities October 2007 Report No. 08-007 An Audit Report on The Department of Transportation’s Oversight of Regional Mobility Authorities SAO Report No. 08-007 October 2007 Overall Conclusion The Department of Transportation’s (Department) oversight of regional mobility authorities (authorities) includes approving the What is a Regional Mobility Authority? creation of authorities and monitoring grants A regional mobility authority (authority) is a and loans awarded to the authorities for political subdivision formed by one or more counties (or certain municipalities) to transportation projects. As of September finance, acquire, design, construct, operate, 2007, the Department had reviewed eight maintain, expand, or extend transportation projects. The creation of an authority does petitions submitted by local governments to not require voter approval. Authorities’ create authorities, which the Texas projects may be tolled or non-tolled. Transportation Commission (Commission) In addition to approving the creation of subsequently approved. The Department has authorities and monitoring grants and loans awarded to authorities, the Department of approved $107 million in loans and grants to Transportation (Department) performs authorities to finance the planning, design, several oversight activities of authorities. and construction of transportation projects. Specifically: Approving authorities’ applications for Authorities also have received loans and grants federal highway or rail funds. Approving authorities’ requests to begin from local governments to fund initial construction on most roads. operations. Issuing revenue bonds is the Reviewing and approving design and primary financing mechanism available to construction standards for roads that authorities for the construction and operation connect to state highways.
    [Show full text]