Ground breaking for new Loop 49 segment - KLTV.com - Tyler, Longview, Jacksonville |ETX News

Ground breaking for new Loop 49 segment

Ground breaking for new segment of Loop 49. Ground breaking for new segment of Loop 49.

TYLER, TX (KLTV) - East Texans gathered Friday morning as the North East Texas Regional Mobility Authority celebrated the start of the next section of Loop 49 with the groundbreaking for Segment 3B.

Segment 3B has been much anticipated due to the fact that not only will it complete the Toll 49 system to I-20 but it will do so in a record 22-month build time. Segment 3B connects to the western segment of Toll 49 that is currently under construction at SH 31 and proceeds north to connect with Interstate 20.

The NET RMA has worked diligently in a partnership with TxDOT to further the development of Toll 49.  On October 28, 2010 the NET RMA received notification that the Texas Department of Transportation approved up to $90 million for construction of Toll 49 Segment 3B by funding the project with two forms of loans: a State Infrastructure Bank Loan (SIB) for $39.2 million and a Toll Equity loan for the remainder of the project cost.  October's action constituted the final approval of the SIB loan. 

The Toll Equity Loan received final approval in November 2010.  These actions also open the door for the NET RMA to start focusing on the next segments of Toll 49, namely, the Lindale Relief Route and the East Texas Hourglass.

 

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