City of Austin Resolution Regarding I-35 Cap and Stitch Program Funding 2026-05-28
TxDOT Awards $41 Million SIB Loan for I-35 Cap and Stitch
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Description
The City of Austin was awarded a $41 million State Infrastructure Bank loan from the Texas Department of Transportation (TxDOT) to support I-35 Cap and Stitch Program construction. Funding will accelerate near-future improvements to east-west connections and public spaces. The loan is to be used alongside bond funds for the project.
Contract Details
Contract Amount
$41,000,000
Vendor
TEXAS DEPARTMENT OF TRANSPORTATION TXDOT
Agency
City of Austin city, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
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