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NTTA Board Approves SH 121 Project Agreement TxDOT-Dallas District officials will now review the document for final approval. Once that approval is given, the NTTA will have 45 days to close its financial arrangements.
On June 28, the Texas Transportation Commission, the Board that oversees TxDOT, instructed the NTTA and TxDOT staff, in cooperation with the Regional Transportation Council (RTC), to prepare a Project Agreement within sixty days.
“I want to commend all of the parties that were a part of this collaborative effort,” said Paul N. Wageman, Chairman of the NTTA Board of Directors. “Working together, we have created an agreement for SH 121 well ahead of the deadline set by the Commission. This teamwork demonstrates how committed all three organizations are to expediting the delivery of this project for the citizens of north Texas.”
The SH 121 toll project is a 25.9 mile toll road that will run through Collin, Dallas and Denton counties from McKinney where SH 121 intersects with U.S. 75 west to Lewisville near the Tarrant County Line.
In addition to developing and operating SH 121, the NTTA will provide a payment of $3.3 billion at financial close to TxDOT; the RTC will decide how those funds should be used for additional road projects throughout north Texas.
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