Central Texas Turnpike Project
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The 2002 Central Texas Turnpike Project (CTTP) is the first construction phase of the Central Texas Turnpike System, a network of toll roads in the greater Austin, Texas area. The project encompasses State Highway 45, Loop 1, and State Highway 130.
The Texas Department of Transportation partly financed the project's $3.6 billion construction costs through the sale of toll revenue bonds.[1] Sections of the 2002 project officially opened on November 1, 2006, nearly a year ahead of schedule and $100 million under budget. However, SH 130 south of U.S. Highway 290 is still under construction.
Tolls are collected by employees in traditional toll booths and by an electronic toll collection system called TxTAG. During the first two months after the November 1st opening, to encourage use of the freeways, tolls were waived for all drivers. In January 2007, tolls were collected for drivers paying cash at toll booths. In February, TxTAG users were charged half the posted toll and beginning in March, began paying the regular tag rate of 10 percent off the posted cash toll.
[edit] Sources
- Texas Turnpike Authority: Turnpike Projects. Turnpike. Texas Department of Transportation. Retrieved on October 18, 2006.
- Central Texas Turnpike System (September 18, 2006). Austin toll roads will open November 1. Press release.
[edit] References
- ^ Frequently Asked Questions, Central Texas Turnpike Project. Last accessed on January 8, 2007.
[edit] External links
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