SR121
NTTA to open another stretch of TX121 tollroad
Posted Thu, 2008-08-28 17:58
NTTA gets another 15km (9 miles) of tollroad this Sunday Aug 31. The new pike to be called the "121 Tollway" will be
opened on SR121 between Old Denton Rd and Hillcrest Rd. Called Segment 2 it straddles Denton and Collin counties.
Segment 1m open for over a year, is 11km (7 miles) long.
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NTTA says moving to financial close on SH121 concession with TxDOT - bridge financing needed
Posted Thu, 2007-11-08 13:42
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
Posted Tue, 2007-07-24 09:15
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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