NTTA

TxDOT backs down accepting NTTA's low bid on TX161 concession


After months of rancorous arguments TxDOT has backed down agreeing to NTTA terms, reaching a kind of agreement on the value of the toll concession on State Highway 161 (TX161) in the south central part of the Dallas-Ft Worth metro area. Agreement on the "market valuation" of the concession with NTTA allowed construction of the road to begin today.
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NTTA refinances $2.4b temporary borrowings for TX121 concession (UPDATE & ADD)


North Texas Tollway Authority has successfully refinanced $2.4 billion of bond anticipation notes (BANs). The sale of bonds today was heavily oversubscribed. Over 60 institutions put orders in for $16b in NTTA bonds according to Bear Stearns who organized the placement.

NTTA chairman Paul Wageman said the result was "particularly gratifying" given recent turbulence in the municipal bond markets.
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NTTA bond ratings dropped a notch under weight of TX121 funding


North Texas Tollway Authority (NTTA) has a groundbreaking ceremony Friday Feb 22 at the heavily fought-over TX121 tollroad project north of Dallas. It's a big media show with heavy construction equipment, previews of cashless highway speed electronic tolling, and a gaggle of local politicians jostling for microphone time.
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$3.2b financial close on public-public toll concession for TX121


TxDOT's 50 year toll concession and lease of SH121 to the North Texas Tollway Authority (NTTA) reached financial close late Thursday when the NTTA wired $3,197m into a bank account of the Texas Department of Transportation.  read more »

NTTA says moving to financial close on SH121 concession with TxDOT - bridge financing needed


The North Texas Tollway Authority (NTTA) say they are moving toward a scheduled financial close on the SH121 toll concession with TxDOT which requires a $2.5b upfront payment to the state. The deadline precludes the traditional public authority method of putting in place permanent longterm bonds so NTTA is issuing Bond Anticipation Notes (BANs). These are bridge financing between the deadline for payment to TxDOT and their ability to sell longterm bonds.
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NTTA sure enough of getting SR121 they proceed with contracts - $11m committed


North Texas Tollway Authority people are so sure of getting the heavily contested SH121 tollroad from TxDOT selectee Cintra/JPMorgan they have started work on it. They aren't actually moving dirt but they've let contracts for detailed engineering design - $11m worth.
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Texas Commission lifts bar on NTTA bid for SH121 & more on mystery memo


The state's policymaking Texas Transportation Commission (TTC) lifted an August 2006 bar on the North Texas Tollway Authority (NTTA) going forward with a bid for SH121, a major new toll project north of Dallas.  read more »

NTTA threatens higher tolls on DNT & PGB to borrow for SH121 - analyst


NTTA's pledge of system revenues for SH121 opens Dallas North and PGB commuters to higher toll rates, financial analysts point out. They say that the crucial distinction between the NTTA bid and Cintra/JPMorgan is that Cintra/JPM will put no lien on the existing tollroads in north Dallas. NTTA's proposal is for a system financing, they say.  read more »

TxDOT say they wrote critique of NTTA bid for SH121, KPMG-GS just reviewing it


James Bass, chief financial officer of Texas Department of Transportation (TxDOT) says we erred in attributing a two-page critique of the North Texas Tollway Authority (NTTA) to KPMG/Goldman Sachs. He says it was written by TxDOT Dallas staff. TxDOT asked both KPMG and Goldman Sachs to review it and comment.

But he says this became moot once NTTA released their executive summary of their proposal.

Here is the email, we received:
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North Texas public toll authority tops Cintra with $3.3b bid for SH121 concession


North Texas Tollway Authority (NTTA) are getting into the concession business. They say they can improve substantially on Cintra's proposal for SH121 north of Dallas in Denton and Collin counties. Today they put out a press release, an executive summary and a powerpoint on their bid for SH121 - the first time in the US that a public toll authority has made a bid in competition with investor groups for a toll concession.
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DALLAS TX:ETX now – thanks to dumpster demolition


DALLAS TX:ETX now – thanks to dumpster demolition

Originally published in issue 54 of Tollroads Newsletter, which came out in Mar 2001.

Page:15

Subjects:ETX expressification

Facilities:Dallas North Tollway DNT

Agencies:NTTA Bouma

Locations:Dallas TX

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DALLAS TX:Broad turnpike vs skinny tollway


DALLAS TX:Broad turnpike vs skinny tollway

Originally published in issue 53 of Tollroads Newsletter, which came out in Jan 2001.

Page:20

Subjects:new toll road opened

Facilities:President George Bush Turnpike PGB Dallas North Tollweay DNT

Agencies:North Texas Tollway Authority NTTA

Locations:DALLAS TX

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DALLAS TX:Toll booth crash accelerates ETX


DALLAS TX:Toll booth crash accelerates ETX

Originally published in issue 53 of Tollroads Newsletter, which came out in Jan 2001.

Page:1

Subjects:hit on toll plaza booth smash accident

Facilities:Dallas North Tollway

Agencies:North Texas Tollway Authority NTTA

Locations:Dallas TX

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21km of Bush pike open


21km of Bush pike open

Originally published in issue 49 of Tollroads Newsletter, which came out in May 2000.

Page:1

Subjects:new opening

Facilities:President George Bush PGB Turnpike

Agencies:North Texas Tollway Authority NTTA

Locations:Dallas Texas TX

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NTTA Opens New Section of Pres Geo Bush Turnpike


NTTA Opens New Section of Pres Geo Bush Turnpike

Originally published in issue 45 of Tollroads Newsletter, which came out in Jan 2000.

Subjects:opening Pres Geo Bush Turnpike

Facilities:Bush Turnpike PGBT

Agencies:NTTA

Locations:Dallas TX

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Dallas North Hikes Tolls


Dallas North Hikes Tolls

Originally published in issue 39 of Tollroads Newsletter, which came out in May 1999.

Page:1

Subjects:TOLL RAISE

Facilities:DALLAS NORTH TOLL ROAD

Agencies:NTTA

Locations:DALLAS TX

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DALLAS TX:Swank L’il Toll Tunnel Opens under Airport


DALLAS TX:Swank L’il Toll Tunnel Opens under Airport

Originally published in issue 35 of Tollroads Newsletter, which came out in Jan 1999.

Page:1

Subjects:tunnel self-sufficiency

Facilities:Addison Airport Tunnel

Agencies:North TExas Tollway Authority NTTA

Locations:Dallas TX

Sources:Bouma

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OPENING:Dallas TX George Bush Turnpike


OPENING:Dallas TX George Bush Turnpike

Originally published in issue 33 of Tollroads Newsletter, which came out in Nov 1998.

Page:14

Subjects:opening of Pres George Bush Turnpike PGBT

Facilities:President Goerge Bush Turnpikie PGBT

Agencies:NTTA North Texas Tollway Authority

Locations:Dallas TX

Sources:Shelton

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