Is TxDOT using any state or federal money to build TTC-35?
We believe private sector funds—not taxpayer dollars—can pay for TTC-35. There may be some opportunities to leverage funds by using two federal programs designed to facilitate construction of transportation projects using private dollars. The Transportation Infrastructure Finance and Innovation Act provides low cost loans with flexible payment schedules. And Private Activity Bonds allow investors to minimize the tax consequences of financing transportation projects. The effect of these federal programs is that roads are less costly to build. TxDOT may also use federal and state funds to pay the costs of environmental approvals, permits, environmental mitigation, and project inspection and oversight as it would with any roadway. TxDOT will ensure that TTC-35 meets the same rigorous safety and environmental standards as other state highway projects.
