How long will tolls be collected on the SH-121T facility?
The length of time tolls will be collected on the SH-121T facility will be determined by a number of factors, including the Memorandum of Understanding (MOU) that will be executed among the North Texas Tollway Authority, Texas Department of Transportation and the City of Fort Worth. The MOU will be a critical element of the financing plan for the SH-121T facility. Typically, toll facilities collect tolls for a period of 20 to 40 years to retire the bond-based debt used to fund the initial construction and operation. Many toll roads are refinanced in later years to expand and extend the facility. As long as there is a debt obligation on the roadway, tolls will be collected.
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- How long will tolls be collected on the SH-121T facility?
