| Name |
President George Bush Turnpike |
| Location |
Garland, Dallas, Plano,
Carrollton and Richardson,
Farmer's Branch, Texas |
| Mode |
Tollway |
| Description |
The PGBT is a circumferential toll roadway connecting
various cities in the northern part of the Dallas area.
Originally planned as an outer loop around the City
of Dallas, the PGBT is an integral part of the metropolitan
transportation system. Additional extensions are currently
being studied and planned.
|
| Sponsor |
North Texas Tollway Authority (formerly
the Texas Turnpike Authority)
Texas Department of Transportation (TXDOT)
Adjacent cities and counties |
| Cost |
$530.5 million |
| Type
of Finance |
ISTEA
and TE-045
program tools
Partial Conversion
of Advance Construction
(PCAC)
Surface Transportation
Program / Section 129 loan
Flexible Match
$135 million Section 129 Loan
$308 million TTA Revenue Bonds,
now NTTA
$67 million Interest Earnings
$20 million TTA Capital Improvement
Fund, now NTTA
$530.5 million Total Cash Sources
$39 million Local
Right-of-Way Donations
$30 million NTTA Capital
Improvement Fund remainder
of additional funding
to be determined |
| Revenue
Sources |
Toll |
| Project
Delivery / Contract Method |
Design/Bid/Build |
| Private
Investor Partner |
None |
| Project
Advisors |
Wilbur Smith Associates
HNTB
Dain Rauscher
McCall, Parkhurst & Horton
Locke Liddell & Sapp |
| Underwriters |
Salomon Smith Barney
Goldman Sachs & Co. Senior
Managers |
| Physical
Status |
Twenty-one miles are open. An additional five mile section
is currently under construction and scheduled to open
in January of 2006 |
| Financial
Status |
|
| Innovations |
The first project in the United States to benefit
from TE-045 innovative finance provisions. |
| Related
Links / Articles |
Moody's
Credit Rating*
FITCH
Credit Report for 1998
Bond Issue**
Coverage
in Innovative Finance Quarterly
Coverage from PR Newswire
- North
Texas Tollway Authority
Opens New Section
Coverage from Innovative
Finance
Volume 1
|
| Contacts |
Chris Anderson
Assistant Director of Planning
North Texas Tollway Authority
Tel. (214) 461-2021
canderson@ntta.org |
| Last Review/Update |
North Texas Tollway Authority, February 2004 |
|
THE AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS,
AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS,
PBCONSULT, AND MOODY'S HEREBY EXPRESSLY DISCLAIM ALL EXPRESS, IMPLIED
AND STATUTORY WARRANTIES OF ANY KIND AND MAKES NO REPRESENTATION
OR WARRANTY, EXPRESS OR IMPLIED, TO ISSUER, ANY USER OR ANY OTHER
PERSON OR ENTITY, AS TO THE ACCURACY. TIMELINESS, COMPLETENESS,
TRUTHFULNESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE
OF ANY DATA PROVIDED BY MOODY'S TO ISSUER PURSUANT HERETO.
** Each Report is derived from sources believed to be accurate
and reliable. EACH REPORT IS PROVIDED "AS IS" WITHOUT
WARRANTY OF ANY KIND AND FITCH, INC., AASHTO, and PBCONSULT MAKE
NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY,
TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE OF ANY REPORT. Under no circumstances shall Fitch, AASHTO,
or PBConsult have any liability to any person or entity for (a)
any loss or damage in while or in part caused by, resulting from,
or relating to, any error or other circumstance or contingency within
or outside the control of Fitch or any of its directors, officers,
employees or agents in connection with the procurement, collection,
compilation, analysis, interpretational editing, transcription,
transmission, communication, publication or delivery of any Report,
or (b) any direct, indirect, special consequential, compensatory,
or incidental damages whatsoever (including without limitation,
lost profits).
|
