Skip to main content

Texas road projects being planned

The Texas Transportation Commission is planning a 10-year programme for key road projects. Included in this programme will be a four-year programme of works aimed at reducing congestion around the state’s major cities. This will be worth some US$2.5 billion. However for the funding to be secured, the Texas Department of Transportation will require the necessary financing agreed for public bridges and roadways during 2015. The funding plan calls for a portion of taxes from car sales to go to the State Highwa
March 11, 2017 Read time: 1 min
The 3496 Texas Transportation Commission is planning a 10-year programme for key road projects. Included in this programme will be a four-year programme of works aimed at reducing congestion around the state’s major cities. This will be worth some US$2.5 billion. However for the funding to be secured, the Texas Department of Transportation will require the necessary financing agreed for public bridges and roadways during 2015. The funding plan calls for a portion of taxes from car sales to go to the State Highway Fund. This change is expected to bring in $5 billion for highway investment over the next two years.

For more information on companies in this article

Related Content

  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
  • €2.27bn UK road investment in 2014 to support over 9,500 construction jobs
    November 11, 2013
    Over 9,500 construction jobs will be supported in 2014 by more than €2.27 billion (£1.9 billion) of investment in Britain’s roads, Transport Minister Robert Goodwill announced today. The total investment in 209 schemes is €5.15 billion (£4.3 billion), with the €2.27 billion to be spent in 2014 more than twice the amount being spent this year. Due to either start or be completed in 2014, these road programmes are estimated to boost the economy by over €22.52 billion (£18.8 billion) and are part of a €119.8
  • UK road repairs – financing found
    July 19, 2019
    The UK’s Department for Transport is providing £348 million of funding to help improve local roads over the next four years. This funding will be available for local authorities to bid for, allowing them to work on major maintenance projects, as well as on projects that will ease congestion on the UK’s busiest roads. This announcement follows a £6.6 billion investment in local road maintenance in the last five years The funding will be available in two stages for local authorities to bid for in an effort t
  • Mozambique road and bridge maintenance projects planned
    April 19, 2016
    Mozambique will have to invest US$4 billion to maintain its roads and bridges over the next four years. The country’s road network does not meet demands at present, with numerous routes in poor condition. Congestion and safety are also major issues in the most densely populated urban areas. The source of the funding required has yet to be determined. The Ministry of Public Works is currently in talks with the Portuguese government to secure some of the funding needed.