Toll Road 49 exceeds expectations, $55 million grant approved

Published on Wednesday, 2 July 2014 11:13 - Written by

The Texas Transportation Commission approved a North East Texas Regional Mobility request to forgive a $55 million loan, which was used to connect completed segments of Toll 49 to Interstate 20.

Officials said the reduced debt obligation coupled with higher-than-expected traffic volumes would expedite construction of future toll segments.

Forgiveness of the debt could allow the mobility authority to start development of the Lindale Relief Route sooner than later.

The commission also approved a $3.545 million grant to help pay for upgrading older tolling equipment on previously completed segments.