TxDOT May Sweeten Pot to Draw Private Funds to Projects

In its first meeting after a legislative session in which requests for transportation funding fell billions of dollars short of requests, the Texas Transportation Commission voted Thursday to open the door to allowing private firms to take on a larger role in some road projects.

“We’re trying to stretch our resources as far as possible,” TxDOT Executive Director Phil Wilson said.

The five commissioners voted unanimously to consider amending the agency’s rules to allow for a new kind of public-private partnership for the agency in which TxDOT would share financial risk with private entities on a project and even agree ...

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