town-of-austinagenda2025-05-20_4e2.pdf
Austin invests $265M in IH-35 improvements.
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Description
The City of Austin plans to negotiate and execute an advance funding agreement with the Texas Department of Transportation, committing up to $265,000,000 for integrating cap and stitch roadway elements into the IH-35 Capital Express Central Project. Funding includes $41,000,000 from a State Infrastructure Bank financial assistance loan and up to $224,000,000 from tax-exempt Certificates of Obligation.
Contract Details
Contract Amount
$265,000,000
Vendor
TEXAS DEPARTMENT OF TRANSPORTATION
Agency
Town of Austin, ND
Contract Type
Funding Agreement
Document Date
May 20, 2025
Contract Term
NA
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