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Keyword: cdas

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  • Penalties for unpaid tolls could plunge — but only on some tollways

    06/15/2017 3:58:05 AM PDT · by Tolerance Sucks Rocks · 11 replies
    The Austin American-Statesman ^ | May 18, 2017 | Ben Wear
    The rapidly escalating tollway fines that have left some Texans owing thousands or even tens of thousands of dollars could be a thing of the past, based on an amendment that surprisingly found its way into a Texas Department of Transportation bill this week. But the impact to your pocketbook would depend on which tollway you’re driving. Under the amendment, a car owner who has driven on a tollway without paying — even hundreds of times — would owe at most $73 in fines every six months, plus the unpaid tolls. But that change, proposed by Rep. Ina Minjarez, D-San...
  • Flush with highway cash, Texas still looking for toll options

    04/26/2017 5:16:58 AM PDT · by Tolerance Sucks Rocks · 18 replies
    The Houston Chronicle ^ | April 21, 2017 | Dug Begley
    Texas is spending record amounts on transportation, but lawmakers worried it is not enough are considering extending a controversial program that’s helped spread tollways through some of the state’s largest areas. A bill approved this week by a House committee would give the Texas Department of Transportation a chance to add six additional projects, including the widening of Interstate 45 north of I-10 and a long-planned Hempstead Tollway, meant to relieve traffic on U.S. 290 with the potential for a commuter rail corridor. The bill, by state Rep. Larry Phillips, R-Sherman, would also allow TxDOT or regional officials the chance...
  • Trump Building Plan: How One Public-Private Deal Hit a Bumpy Road

    04/12/2017 10:10:09 PM PDT · by Tolerance Sucks Rocks · 12 replies
    NBC News ^ | April 5, 2017 | Jane C. Timm
    Texas had high hopes for the southern segments of SH 130, a 41-mile stretch of the high-speed toll road east of San Antonio. The state had put off building that stretch of road until a pair of investors stepped forward and offered what sounded like a great deal: Texas would get a big check for turning the rights to build and operate the toll road over to a private entity, a move that would give the state a new highway and a share of the tolls. The state would own the road and rake in revenue, but wouldn't have to...
  • Kolkhorst seeks 'real' reforms to TTC plans

    05/31/2008 9:22:33 PM PDT · by Tolerance Sucks Rocks · 4 replies · 237+ views
    The Huntsville Item ^ | May 31, 2008 | The Huntsville Item
    State Rep. Lois Kolkhorst said it’s time for Texas transportation officials to talk about real reforms to address the public outrage over the proposed Trans-Texas Corridor. The Brenham Republican’s reaction followed Thursday’s actions taken by the Texas Transportation Commission. The panel adopted a set of guiding principals and policies which will govern the development, construction and operation of all toll road projects on the state highway system and the controversial Trans-Texas Corridor. Bob Colwell, Texas Department of Transportation public information officer for the Bryan district, said the adoption of the guidelines does not reflect the final approval of Interstate 69...
  • Cintra/Zachry complete legal work on $1,360m financial close with TxDOT on SH130 5&6

    03/19/2008 6:20:26 PM PDT · by Tolerance Sucks Rocks · 13 replies · 949+ views
    TOLLROADSnews ^ | March 10, 2008 | TOLLROADSnews
    SH 130 Concession Company LLC finalized the legal details of a financial close with Texas DOT on a $1,360m toll concession to build SH130 segments 5&6 Thursday and Friday last week in bankers' offices in New York City - at Orrick, 666 Fifth Avenue. The actual money flows should occur on Thursday or Friday (Mar 13 or 14) this week, Jose Maria Lopez de Fuentes, president of Cintra North America, told us this morning. Hundreds of documents and over 20 lawyers were involved last week representing TxDOT, private equity people, banks, mostly European, the TIFIA loan group from FHWA, and...
  • Spanish firm using loan from U.S. to build segments of Texas toll road

    03/14/2008 4:23:23 PM PDT · by Tolerance Sucks Rocks · 20 replies · 860+ views
    Land Line Magazine ^ | March 13, 2008 | David Tanner
    Officials with the Spanish toll road operator Cintra have announced that the company has secured $430 million in loans from the U.S. government to build and operate two segments of a toll road in central Texas. Cintra officials announced the company’s financial plan for the $1.36 billion Highway 130 segments on Monday, March 10. OOIDA Senior Government Affairs Representative Mike Joyce told Land Line that the Association does raise red flags when federal dollars are used to subsidize private investors. Officials with the Owner-Operator Independent Drivers Association are not, however, categorically opposed to a state using future toll revenue to...
  • McReynolds talks TxDOT at First Friday luncheon

    03/11/2008 1:24:51 PM PDT · by Tolerance Sucks Rocks · 4 replies · 407+ views
    Diboll Free Press ^ | March 12, 2008 | Jerry Gaulding
    Senior executives of the Texas Department of Transportation can expect some heavy grilling from state legislators when the state Legislature convenes next January, state Rep. Jim McReynolds said Friday. Speaking to the monthly First Friday luncheon of The Chamber, Lufkin-Angelina County, McReynolds said many legislators, especially those from rural East Texas, are unhappy with TxDOT leaders over the Trans- Texas Corridor project and how it has incorporated plans for an Interstate 69 through the region. McReynolds said he attended all four of the TxDOT hearings on the TTC held in his district, which included one in Diboll, and "never heard...
  • TxDOT accused of breaking federal law

    03/06/2008 1:18:28 PM PST · by Tolerance Sucks Rocks · 9 replies · 342+ views
    The Navasota Examiner & Grimes County Review ^ | March 6, 2008 | Rosemary Smith
    Texas spirit was alive and well at the Navasota DEIS public hearing on Feb. 28. Opposition groups, such as the International Brotherhood of Teamsters, came from as far as Washington, D.C. to give recorded testimony, and get a first hand look at TxDOT process procedures. Assistant Director of Communications, Leigh Strope, who attended the meeting on behalf of the 34,000 Texas Teamsters Union members, says, “Teamsters want to stop the dangerous trend of selling our roads and bridges to foreign investors so they can slap tolls on the driving public. We are also concerned because the Trans-Texas Corridor would form...
  • County judge and commissioners take action against TTC/I-69

    02/06/2008 2:39:38 PM PST · by Tolerance Sucks Rocks · 8 replies · 947+ views
    Navasota Examiner ^ | February 6, 2008 | Rosemary Smith
    Grimes County commissioners and County Judge Betty Shiflett made sure they attended a TTC/I-69 meeting at the Walker County Fairgrounds last week, as residents previously demanded they take a stronger stance against the proposed route through Grimes County. Shiflett received a roaring applause from audience members with her speech that ended with the question, “What part of “no” do you not understand?” Shiflett added that Grimes County was not given an option for having a town meeting, just the environmental meeting. “Representative Lois Kolkhorst stole the show as she announced loud and clear that she was against TTC I-69,” said...
  • Valley leg of I-69 a big maybe

    02/05/2008 1:12:56 PM PST · by Tolerance Sucks Rocks · 17 replies · 267+ views
    Brownsville Herald ^ | February 4, 2008 | Kevin Sieff
    A so-called “NAFTA Superhighway” earned support from the city’s mayor and discussion among residents Monday during a public hearing on the Texas Department of Transportation’s I-69 project. TxDOT held a public hearing at the Brownsville Events Center Monday to explain the progress of the Trans-Texas Corridor, a future segment of Highway I-69, which will link the U.S.-Mexico border to the U.S.-Canada border. After a short presentation, the floor was open for comments. Among the local politicians, college students and retirees at the hearing there was a wide range of opinion on the project. According to Mario Jorge, district engineer for...
  • Perry's Trans-Texas Corridor plan is a hard sell

    01/28/2008 5:31:44 PM PST · by Tolerance Sucks Rocks · 8 replies · 694+ views
    Houston Chronicle ^ | January 27, 2008 | Rad Sallee and Eric Hanson
    Gov. Rick Perry's ambitious Trans-Texas Corridor plan, and his advocacy of toll funding for future roads, hit the skids in a skeptical Legislature last spring. The road shows no signs of getting any smoother as state transportation officials try to sell the plan to Houston-area audiences. "This will wipe me out," Dee Bond told a panel of corridor advocates at a town hall meeting in Rosenberg last week. The panel, which included Texas Transportation Commissioner Ned Holmes of Houston and Steve Simmons, deputy executive director of the Texas Department of Transportation, was there to explain and gather comment on a...
  • TxDOT Announces New Members of Leadership Team

    01/07/2008 7:22:38 PM PST · by Tolerance Sucks Rocks · 2 replies · 215+ views
    Reuters ^ | January 7, 2008 | TxDOT
    Saenz expands administration to reflect changing role of agency AUSTIN, Texas, Jan. 7 /PRNewswire-USNewswire/ -- The Texas Department of Transportation today announced selections for the final three members of Executive Director Amadeo Saenz's leadership team. The new Assistant Executive Director for Engineering Operations is John Barton of Beaumont. The newly-formed office of Assistant Executive Director for District Operations will be lead by David Casteel of San Antonio. The newly-formed office of Assistant Executive Director for Innovative Project Development will be lead by Phil Russell of Austin. "John, David and Phil are all outstanding professionals," said Saenz. "All of them understand...
  • 2008 Construction Outlook for Texas

    12/20/2007 2:03:44 PM PST · by Tolerance Sucks Rocks · 17 replies · 154+ views
    Reed Construction Data ^ | December 20, 2007 | Liz Moucka
    Highways The Texas Department of Transportation plans to let contracts for $4.1 billion in construction in 2008 are in jeopardy after having to return around $950 million to Washington over the past 18 months. The mood in Austin is uncertain, although voters approved Proposition 12 in November, authorizing the next Texas Legislature in 2009 to issue up to $5 billion in bonds (paid from general revenue) to build highway projects. A required independent audit of the Texas Department of Transportation during 2007 recommended that the department “should continue to pursue Comprehensive Development Agreements (CDA) and toll pricing at levels that...
  • Anyone got a map?

    10/28/2007 3:20:06 PM PDT · by Tolerance Sucks Rocks · 39 replies · 135+ views
    Fort Worth Star-Telegram ^ | October 28, 2007 | Fort Worth Star-Telegram
    During this year's legislative session, Texas had an "oh, wait, hold on, don't do that" moment on privately funded tollways. Fair enough, but now it's time to figure out what the state should do, including how to pay for what the state's highway czar calls a $100 billion shortfall in money needed for essential highway projects. Ric Williamson, the Weatherford businessman who is chairman of the Texas Transportation Commission, says "the entire future of the state transportation system" depends on potential revenue from private toll road investors. Without it, staffers with the Texas Department of Transportation told commission members at...
  • Help wanted: Sound transportation policy

    08/29/2007 7:17:39 PM PDT · by Tolerance Sucks Rocks · 25 replies · 327+ views
    East Texas Review ^ | August 29, 2007 | William Lutz
    The Texas Department of Transportation (TxDOT) says it needs to spend $9 million in taxpayer money to sell its vision of transportation policy to the public. Maybe if TxDOT pursued rational transportation policies, the public support would follow, and it could spend that $9 million building and maintaining roads. Here’s why Texans ought to be concerned. Borrowing carries a price tag. The Texas Constitution has traditionally eschewed deficit spending and required existing revenue to pay for existing spending. Now, the state wants to build most of its roads by borrowing, either publicly or by getting a private firm to agree...
  • Highway Robbery of Texas Roads (SPP & Trans-Texas Corridor)

    08/21/2007 9:42:11 PM PDT · by anymouse · 29 replies · 888+ views
    Texas Eagle Forum ^ | 08-20-07 | Cathie Adams
    Texas drivers are tired of traffic gridlock. We want new roads built sooner rather than later, but we do not want a Trans-Texas Corridor that would surely invite more illegal drugs and more illegal aliens. Legislators have gotten our message but since both highway funds, the State Highway Fund (a gasoline tax) and the Texas Mobility Fund (bond money), have been pilfered for other uses, there is no money for road building. Members of the Texas Senate Transportation & Homeland Security Committee met on August 7 to discuss this funding dilemma. Committee Chairman John Carona suggested a new constitutional amendment...
  • Commission authorizes more than 80 toll road projects

    06/14/2007 5:38:29 PM PDT · by Tolerance Sucks Rocks · 19 replies · 438+ views
    Houston Chronicle ^ | June 14, 2007 | Jim Vertuno (Associated Press)
    AUSTIN — Transportation officials on Thursday approved more than 80 toll road projects across the state, many of which probably would use some private financing. State lawmakers recently passed a two-year moratorium on some private toll road contracts. The law still allows local and state planners to move on the new toll projects — with a price range of more than $50 billion — although the rules have changed. Under these projects, local officials would get the first crack at development before the state steps in. And even if privately financed, the government would own and operate the roads and...
  • Perry signs toll road bill

    06/13/2007 7:17:02 AM PDT · by Tolerance Sucks Rocks · 14 replies · 819+ views
    Fort Bend Herald and Texas Coaster ^ | June 12, 2007 | Stephen Palkot
    A bill that places a two-year moratorium on private toll road agreements in Texas was signed by Gov. Rick Perry on Monday. The bill, Senate Bill 792, was pushed by opponents of the Trans Texas Corridor, which is a proposed set of privately-funded toll roads throughout Texas. The final version of the bill represents a compromise between opponents of the TTC and Perry, its main backer. Specifically, the bill prevents the Texas Department of Transportation from entering what are called comprehensive development agreements, or CDAs, which are contracts for private companies to build and profit from toll roads in Texas....
  • Perry signs compromise bill slowing toll road projects

    06/12/2007 8:11:42 AM PDT · by Tolerance Sucks Rocks · 13 replies · 594+ views
    Houston Chronicle ^ | June 12, 2007 | R. G. Ratcliffe
    But compromise doesn't affect six projects slated for Harris County AUSTIN — Gov. Rick Perry on Monday signed legislation that slows down his ambitious plans for building toll roads but does not halt them completely. Perry and the Legislature got into a stare-down last month when lawmakers sent him a bill that put serious restrictions on building toll roads in Texas and constrained policy set by the Texas Transportation Commission, which is run by the governor's appointees. Perry said he would veto the bill and threatened to call a special legislative session if lawmakers did not send him compromise legislation....
  • Perry's office sees no toll moratorium at all

    06/04/2007 4:24:13 PM PDT · by Tolerance Sucks Rocks · 11 replies · 403+ views
    San Antonio Express-News ^ | June 3, 2007 | Patrick Driscoll
    Now that legislators have gone home and trumpeted how they passed a bill to freeze private financing of toll roads, the governor's office has some bubble-busting news. There isn't much of a moratorium in Senate Bill 792. "Of any kind, that we can tell," said Robert Black, spokesman for Gov. Rick Perry. "Unless there was something screwy that happened." Actually, there were plenty of screwy machinations in the Legislature as lawmakers hammered out bills to rein in tolling powers of the Texas Department of Transportation. Slapping a two-year moratorium on privatization contracts started out simple. But skittish lawmakers carved out...