TX161
TxDOT backs down accepting NTTA's low bid on TX161 concession
Posted Mon, 2008-04-21 20:31
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 wages protracted fight with TxDOT to get TX161 below market price
Posted Fri, 2008-04-18 19:35
North Texas Tollway Authority (NTTA) continues a protracted effort to gain a toll concession on
State Highway 161 (TX161) for about $500m less than investors are willing to advance. NTTA says the project is worth $1200m or about $300m more than the $900m that the 18km (11 mile) highway will cost to build. 762 words read more »
