Southwest Parkway/Chisholm Trail Briefing to the Stakeholders Texas Department of Transportation North Texas Tollway Authority Regional Transportation Council 1

Regional Collaboration  Project partners realize shared success requires cooperation TxDOT, RTC, Tarrant and Johnson counties’ leaders acknowledge their roles in expedited delivery of Southwest Parkway/Chisholm Trail and SH 161  Partners developed and presented multiple scenarios for overcoming funding gap to RTC on Dec. 10,

Steps to Success NTTA commits funds from their system revenue to build these two projects $400 Million  SH 161 – Phase 4 with railroad bridge  Southwest Parkway/Chisholm Trail 3

Identify previous commitments and conduct value engineering Total Project Cost$1,837.8 M (December 2008) Savings$ M (Funded to Date) Savings$ M (November 2009 updated costs and value engineering) New Total Construction Cost$1,172.1 M (December 2009) 4 *No change to Fort Worth Corridor Master Plan Steps to Success

NTTA and RTC phase a portion of $458 M payment for SH 161 Not necessary with Regional and TxDOT backstop AND TIFIA or other financial support 5 Steps to Success

RTC and the region provide primary backstop to Southwest Parkway/Chisholm Trail and SH 161  Revenues on Southwest Parkway/Chisholm Trail and SH 161 have conservative revenue elements  Pool surplus revenues  $91 M RTC funds remaining on Southwest Parkway/Chisholm Trail  NTTA may consider peak period pricing 6 Steps to Success

TxDOT provides secondary backstop (i.e., insurance) for Southwest Parkway/Chisholm Trail and SH 161. TxDOT “insures” Southwest Parkway/Chisholm Trail and SH 161 in 1 sub-system backstop. 7 Steps to Success

Stage and phase Southwest Parkway/Chisholm Trail, reducing upfront capital costs. 8 Scenario 1A, no stage construct$1,172.1M Scenario 1B, defer I-20 direct connectors$1,104.3M Scenario 1C, defer I-20 direct connectors and two lanes south of FM 1187 $1,014.7M Scenario 2, defer I-30 to I-20 sections$ 602.9M Scenario 3, defer I-30 to I-20 and two lanes south of FM 1187 $ 507.1M Steps to Success

SWP/CT Implementation Scenario 1C  Same project limits  I-30 to U.S. 67  Defer 6 of 10 direct connectors at I-20/ SH 183 Interchange  Defer 2 lanes south of FM 1187 to U.S. 67  Frequently discussed in past mobility plans 9

I-30 to Dirks Road Three lanes in each direction and the interchange at I mph (I-30-Arborlawn); 60 mph (Arborlawn-Dirks Road) Enhanced aesthetics Toll rate – Four cents higher than NTTA’s standard rate at open-to- traffic date (offsets aesthetic enhancements and speed-limit reduction costs) Sections 1-4 Deferred direct connectors 10

Section 5 Dirks Road to FM 1187 Two lanes in each direction 70 mph Toll rate – NTTA’s standard rate per mile at open-to-traffic date 11

Section 6 FM 1187 line to U.S. 67 Super Two, one lane in each direction with 1- to 1.5-mile- long passing lanes approximately every 4 miles 70 mph Toll rate – NTTA’s standard rate per mile at open-to-traffic date Spacing between lanes, lane lengths will conform to design standards 12

SWP/CT Preliminary Financial Plan Key Elements  Toll Equity Loan  Contingent loan provided by TxDOT to SWP/CT in the event of a significant revenue shortfall  Expected to support “AA” level ratings for project debt  NTTA Equity  Amount not used on SH 161 will be used for Southwest Parkway/Chisholm Trail  First Tier Project Debt  Current interest bonds (CIBs) and capital appreciation bonds (CABs) secured by SH 161 project revenues  Second Tier TIFIA Loan  NTTA continues to pursue a TIFIA loan and will include it in the transaction if it becomes available  Results in a more efficient transaction  SIB Loan  Subordinated loan from TxDOT that is currently under discussion that would close any remaining funding gaps  Current base case with a TIFIA loan does not require a SIB loan Sources and Uses 13

January 20NTTA Board meeting – Approval of joint NTTA-RTC resolution memorializing regional wrap January 27Texas Transportation Commission workshop January 28Texas Transportation Commission meeting – “Tender” Minute Order approval by the Commission to support combined wrap for Southwest Parkway/Chisholm Trail and SH 161 January 29RTC meeting – Approval of Joint NTTA-RTC resolution memorializing regional wrap January 29Possible special called NTTA Board meeting – Pending TTC action on Jan. 28 February 11RTC meeting – Pending TTC and NTTA action February 25Texas Transportation Commission meeting – Final approval of action items related to a combined wrap for Southwest Parkway/Chisholm Trail and SH 161 February 26February NTTA Board meeting – Final approval of action items related to a combined wrap for Southwest Parkway/Chisholm Trail and SH 161 February 28Regional deadline to accept SH 161 project 14 Schedule/Calendar

Next Steps 15  

Questions 16