Described by state transportation leaders as the most comprehensive and complex project of its type in the country, the approximately 17-mile LBJ Express project encompasses improvements along IH-635 from Luna Road to Greenville Avenue, as well as on IH-35E between Loop 12 and Valwood Parkway.
These long-awaited improvements will dramatically expand the capacity of the current road, relieving traffic congestion for millions of North Texas commuters each year along these major corridors.
LBJ Express will combine the same number of general purpose main lanes that exist today with continuous frontage roads and approximately 13 miles of new express managed toll lanes. Drivers will have the choice to remain on the free, main lanes or to opt for new high-speed, express lanes with adjustable toll rates initially set in accordance with a methodology established by the North Central Texas Council of Governments.
Construction is expected to begin in early 2011 and be on a fast track for completion by early 2016.
The LBJ Express improvements will be designed, financed, built, operated and maintained by the LBJ Infrastructure Group (LBJIG), which was selected for the project by the Texas Transportation Commission (TTC) after a rigorous, competitive public bidding process.
The LBJIG partnership is led by Cintra US, an Austin-based world leader in the private-sector development of transportation infrastructure, and Meridiam Infrastructure, an investor in public-private partnerships around the world and developer of public facilities. LBJIG partners also include the Dallas Police and Fire Pension System and Trinity Infrastructure LLC.
The TTC tentatively awarded a project concession to LBJIG in February 2009. The concession agreement, or lease, formally began on September 4, 2009 and will last 52 years, during which LBJIG will construct, operate and maintain the vital roadways. At the end of the lease term, the operation and maintenance responsibility for the roadway will be returned to the Texas Department of Transportation, which will receive a roadway of the highest quality and condition.