February 17, 2020
  • 2:34 pm Committee Leadership Comes into Focus for 116th Congress
  • 2:22 pm Interstate System Report Calls for More Funding, Tolling, VMT Fees, and Cybersecurity
  • 2:15 pm In Memoriam: President George H. W. Bush, ISTEA, and Transportation
  • 1:56 pm Growth Projected for Transportation Projects, but Costs a Challenge
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  • 1:14 pm Video Report: MoDOT Produces Multi-Lingual Safety Message
  • 1:11 pm PennDOT Nears Completion of Rapid Bridge Replacement Project
  • 1:08 pm Infrastructure Grants Awarded to “Smaller” South Dakota Communities
  • 11:32 am President’s FY 2021 Budget Proposes $1T of Total Infrastructure Investment
  • 11:31 am Safety, Reliability Key Issues at Autonomous Vehicle Hearing
  • 11:26 am Improving Railroad Crossing Safety Focus of House Hearing
  • 11:22 am Trump Administration Issues PNT Policy for Critical Infrastructure
  • 11:19 am FTA Offering New Grant Funding for Transit Bus, Ferry Projects

The U.S. Department of Transportation’s Build America Bureau is providing up to a $501.5 million Transportation Infrastructure Finance and Innovation Act or TIFIA loan to the North Carolina Turnpike Authority – a division of the North Carolina Department of Transportation – to help finish the Complete 540 Project in the greater Raleigh area.

[Above graphic image via the NCDOT.]

According to a USDOT statement, the Complete 540 Project will extend the Triangle Expressway an additional 17.1 miles, increasing capacity by adding six new tolled lanes – three in each direction – as well as build several interchanges with intersecting roads, 55 bridges, 25 box culverts, and two stream crossings.

The Tri-Ex is a six-lane, 18.8-mile limited access toll road with three travel lanes per direction that opened in January 2013. The ongoing Complete 540 Project was split into three segments, each with separate design-build contracts to provide participation opportunities to contractors of various sizes and resources, the agency said.

The primary source of repayment for the TIFIA loan will be the toll revenues generated on the Tri-Ex System, which includes this project, USDOT noted.


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