Earlier this month, the NTTA Board of Directors received an independent financial and performance review by Alvarez & Marsal, LLC. Commissioned by NTTA’s four member-county judges, the report included four general areas of focus: transparency, financial, organizational and procurement assessments.
“The report was reassuring and challenging. I am sure the board and the staff will rise to the occasion,” said Kenneth Barr, NTTA chairman of the board. “NTTA will expeditiously begin a thorough review and evaluation of the recommendations and then develop a work plan with sustainable and cost-effective solutions. Our ultimate goal is to ensure the Authority is operating in the most efficient and effective manner now and in the future.”
“In the meantime, the NTTA will continue to concentrate on the construction, maintenance and operation of tollways throughout North Texas, such as the long-awaited Chisholm Trail Parkway,” Barr added. “As always, NTTA will deliver safe, well maintained roads to get hundreds of thousands of drivers to their destinations every day.”
The review by Alvarez & Marsal can be found in its entirety on www.NTTA.org.