The Texas Transportation Commission has chosen Southgate Mobility Partners as the developer for a $850 million roadway project in Dallas and Tarrant counties, it said in a statement.
Southgate Mobility is expected to do improvements on up to 28 miles of roadway on SH 183, or Airport Freeway, which is traveled by nearly 170,000 vehicles every day.
“As we continue to face challenges with transportation funding, public/private partnerships such as this one will remain essential components for addressing our state’s mobility needs and spurring our economic prosperity,” said retired Lt. Gen. Joe Weber, USMC, TxDOT executive director.
The project will bolster the road network's capacity by expanding 15 miles of SH 183 from SH 121 to I-35E, as well as 2.5 miles of Loop 12 from SH 183 to I-35E and up to 10.5 miles of SH 114 from SH 183 to SH 121/International Parkway, the statement said.
This project will be built in phases – the interim phase of construction, valued at $850 million, includes the rehabilitation and replacement of deteriorating roadways and the addition of one managed toll lane in each direction. Southgate Mobility will provide 25 years of operations and maintenance.
The interim construction phase is slated to begin at the end of 2014 with improvements completed by 2018, according to the statement.
The ultimate phase will include building an additional general purpose lane in each direction, up to three managed toll lanes in each direction and the completion of the Diamond Interchange at Loop 12/SH 183/Spur 482/SH 114. Funding for the ultimate project has not yet been identified, according to the statement.