161

The board of directors of North Texas Tollway Authority (NTTA) have approved a public-public toll concession contract for construction and operation of TX161 midway between Dallas and Ft Worth. NTTA will pay TxDOT $458m upfront payment, which covers reimbursement to TxDOT for money spent on civil works on Phases 2 and 3. NTTA will pay for construction of Phase 4 and install toll collection equipment on Phases 2 and 3. (Phase 1 is free frontage roads already open.)