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DALLAS GETS BILLIONS FOR FREEWAY
06/23/10
DALLAS GETS BILLIONS FOR FREEWAY
Washington, DC (Tuesday, June 22, 2010) – Congresswoman Johnson announced today that drivers in the Dallas-Fort Worth metro area will soon experience less traffic jams because of a $1,465 billion loan from the U.S. Department of Transportation. The funding for the loan is broken into two sources: the Transportation Infrastructure Finance and Innovation Act (TIFIA) is loaning $850 million to go towards the reconstruction of I-635 (commonly referred to as the LBJ Freeway) and the addition of new toll lanes. This is the second largest loan in history given by TIFIA. The remaining $615 million loan will come from tax-exempt private activity bonds.
“Traffic in Dallas continues to be a high priority to me,” said Congresswoman Johnson.
The reconstruction project specifically targets 13 miles along I-635 and I-35E in Dallas County.
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U.S. Representative Eddie Bernice Johnson is the highest-ranking Texan on the House Committee on Transportation & Infrastructure and a senior member of the Science Committee. She represents the 30th Congressional District of Texas, which, includes Downtown Dallas, Fair Park, Oak Lawn, Turtle Creek, Old East Dallas, Pleasant Grove, & South Oak Cliff; all of Balch Springs, DeSoto, Hutchins, Lancaster & Wilmer and parts of Cedar Hill, Duncanville, Ferris, Glenn Heights and Ovilla.