RTC approves SH 360 loan backstop
The extension of State Highway 360 is likely moving forward after the project partners agreed last month on a plan to build the facility from Sublett and Camp Wisdom roads southward toward US Highway 287.
The Regional Transportation Council agreed in early December to backstop a $300 million loan used to finance construction. The North Texas Tollway Authority and Texas Department of Transportation followed with approval of project terms. Final approval is expected by the end of February. TxDOT will build and finance the project as a toll road with the help of the loan. NTTA will then operate SH 360. The road could open by 2017.
Initially, toll rates on SH 360 will be slightly higher than on other North Texas toll roads to help repay the loan. The tolls would become equal to those on other regional facilities no later than 2022. The phased construction plan calls for four general-purpose toll lanes (two in each direction) to be built from Sublett/Camp Wisdom to Broad Street – or farther south to Heritage Parkway. The remainder of the project, south to US 287, would be two lanes (one in each direction), but passing lanes would be included at strategic locations.
The project would also result in the construction of the remaining SH 360 frontage road section between Heritage and US 287, as well as improvements to US 287 at the SH 360 junction, allowing signal-free travel between Mansfield and Midlothian.
The new roadway is expected to enhance mobility in the fast-growing Arlington-Mansfield area and improve safety.
Related Link: North Texas Tollway Authority
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