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Home » Alternatively-Financed Projects Approved for Funding

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Texas-LouisianaTexas & Louisiana Construction News

Alternatively-Financed Projects Approved for Funding

January 1, 2010
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State transportation officials approved seven projects around the state that will be funded by TxDOTs pass-through finance program. The Texas Transportation Commission approved the $193 million list of projects.

Pass-through financing allows local municipalities or private entities to pay for costs to build a transportation project and get reimbursed from the state as the transportation project becomes operational. It allows local officials to reprioritize and accelerate projects.

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