From the Office of State Senator Juan "Chuy" Hinojosa

FOR IMMEDIATE RELEASE
June 24, 2010
CONTACT: Arturo Ballesteros
(512) 463-0120 office
(512) 810-1294 cell

HISTORIC FUNDING ANNOUNCED FOR COUNTY TRADE CORRIDORS

AUSTIN — Texas Transportation Commission Officials, joined by State Senator Juan "Chuy" Hinojosa, Hidalgo County Judge Rene A. Ramirez, county Commissioner Hector "Tito" Palacios and other local transportation leaders announced $78.5 million in pass-through funds for two major Hidalgo County transportation projects that will connect NAFTA truck traffic from the five ports to area industrial zones and to U.S. Highway 281. The Commission's announcement represents Hidalgo County's portion of more than $300 million in transportation project funds statewide announced today as part of the Pass-Through Financing Program.

"My colleagues in the Texas Legislature and I are proud of the progress we've made in securing critical funding for building the physical infrastructure in South Texas. We need to sustain that progress, especially during difficult budget times, so that industry and commerce can continue to thrive in this fast-growing region," Senator Hinojosa said. "With strong partnerships between local communities and the Texas Department of Transportation, I am confident that we will do more with limited dollars, we will continue to make investments that greatly benefit our communities for years to come."

"These historic investments for South Texas will yield a positive economic impact not only for our region, but also for Texas and our nation as commerce moves thru our ports to its final destination in markets across the country," said Judge Ramirez. "Our county is well-positioned to compete and help the Texas economy to recover."

"I want to thank the Commission and county's legislative delegation for their support and for making these important investments in our County," said Commissioner Palacios. "These dollars will go a long way towards helping us complete major road projects in our county that keep commerce moving and families safe once heavy truck traffic is routed away from neighborhoods."

The Texas Transportation Commission today selected two projects by the Hidalgo County Regional Mobility Authority worth $78.5 million for pass-through financing. The funds are leveraging an estimated $400 million in local revenue that will be used toward building major components of the proposed Trade Corridor Connector (TCC) and the International Bridge Trade Corridor (IBTC). Pass-through financing is a tool used by the state to stretch limited highway dollars and to allow local communities to fund the upfront costs of constructing a state highway project. The state reimburses a portion of the project cost to the community over time by paying a fee for each vehicle that drives on the new road. The following projects were selected:

The Hidalgo County RMA is developing these trade corridor projects as part of its mission to address the long-term mobility needs of the county. More details on the pass-through financing program can be found at www.txdot.state.tx.us.


 (PDF) ATTACHMENT: TTC Pass-Through Toll Program Call / Minute Order (PDF)

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