USDOT loans $384 million for Triangle Expressway

Another piece of the complex financing puzzle for the Triangle Expressway (NC 540) fell into place today, as the US Department of Transportation signed off on a $384 million load for construction of the toll road.

This along with two other pieces - $600 million in bond sales (which have just been recently put on the market) and from an annual $25 million in 'gap financing' in the North Carolina budget. the total cost of the 12.6 toll road about $1.1 billion.

The loan comes from the USDOT's Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program. The Triangle Expressway's tolls will help to repay that loan.

The hope is to start construction later this year - maybe as soon as August (though that line has been used for two or three straight years now) - with completion of the Durham Freeway/I-40 connector by 2012 and the entire highway by 2013.

We'll see how accurate those dates are.

Story Links w/video:
$384M loan approved for Triangle Expressway's future ---News14Carolina
Money approved to extend I-540 ---WTVD-TV

Comments

Old US Route 60/70 through Hell (Chuckwall Valley Road and Ragsdale Road)

Back in 2016 I explored some of the derelict roadways of the Sonoran Desert of Riverside County which were part of US Route 60/70; Chuckwalla Valley Road and Ragsdale Road. US 60 and US 70 were not part of the original run of US Routes in California. According to USends.com US 60 was extended into California by 1932. US 60 doesn't appear on the California State Highway Map until the 1934 edition. USends.com on US 60 endpoints 1934 State Highway Map Conversely US 70 was extended into California by 1934, it first appears on the 1936 State Highway Map. USends.com on US 70 endpoints 1936 State Highway Map When US 60 and US 70 were extended into California they both utilized what was Legislative Route Number 64 from the Arizona State Line west to Coachella Valley. LRN 64 was part of the 1919 Third State Highway Bond Act routes. The original definition of LRN 64 routed between Mecca in Blythe and wasn't extended to the Arizona State Line until 1931 acc...

The last 1956-63 era California Sign State Route Spade?

Along southbound California State Route 170 (the Hollywood Freeway Extension) approaching the Hollywood Freeway/Ventura Freeway interchange a white California State Route 134 Sign State Route Spade can be observed on guide sign. These white spades were specifically used during the 1956-63 era and have become increasingly rare. This blog is intended to serve as a brief history of the Sign State Route Spade. We also ask you as the reader, is this last 1956-63 era Sign State Route Spade or do you know of others? Part 1; the history of the California Sign State Route Spade Prior to the Sign State Route System, the US Route System and the Auto Trails were the only highways in California signed with reassurance markers. The creation of the US Route System by the American Association of State Highway Officials during November 1926 brought a system of standardized reassurance shields to major highways in California. Early efforts to create a Sign State Route ...

Paper Highways; Interstate H-4 through downtown Honolulu

The Hawaiian Island of O'ahu is home to four Interstate Highways; H-1, H-2, H-3 and H-201. Had history gone slightly differently during the 1960s a fifth Interstate corridor on O'ahu could have been constructed through downtown Honolulu and the neighborhood of Waikiki. The proposed corridor of Interstate H-4 can be seen above as it was presented by the Hawaii Department of Transportation during October 1968 . This page is part of the Gribblenation O'ahu Highways page. All Gribblenation and Roadwaywiz media related to the highway system of O'ahu can be found at the link below: https://www.gribblenation.org/p/gribblenation-oahu-highways-page.html The history of proposed Interstate H-4 The corridor of Interstate H-4 was conceived as largely following what is now Hawaii Route 92 on Nimitz Highway and Ala Moana Boulevard. Prior to the Statehood the first signed highways within Hawaii Territory came into existence during World War II. Dur...

Gribblenation

Search This Blog