The Texas Department of Transportation (TxDOT) and the Lane-Abrams Joint Venture has reached an agreement on the State Highway 360 project.
The two parties have entered into a design-build contract (DBA) and associated comprehensive maintenance agreement (COMA) for the project.
Under the partnership, TxDOT and Lane-Abrams Joint Venture will develop, procure, initially finance and construct and maintain the toll lanes and frontage roads of this portion of SH 360 for five years. An option to continue the maintenance for two additional five-year terms is available. Once built, the North Texas Tollway Authority (NTTA) will operate the tolled main lanes.
The consortium is composed by two equity members, Lane Construction Corporation and J.D. Abrams. It also includes non-equity members that are: AECOM Technical Services, Inc., Blanton & Associates, Inc., CSJ Utility Coordinators, LLC, Fugro Consultants, Inc., Hayden Consultants, Inc., Infrastructure Corporation of America, K Strategies Group, LLC, Michael Baker Jr., Inc., Pinnacle Consulting Management Group, Inc., Rios Engineering, LLC, Rodriquez Engineering Laboratories, LLC and SE3, LLC.
This 9.7 miles road project will build the main lanes from the end of the current highway at E. Sublett Road/W. Camp Wisdom Road to US 287 as a four-lane toll road. The project also will construct a northbound frontage road (non-tolled) from Heritage Parkway to US 287 and portions of the US 287/SH 360 interchange including frontage road bridges over the US 287 main lanes.
The total project investment is estimated at US$300 million.
Construction is slated to begin in the fall of 2015 with the roadway completed by early 2018.
The project was awarded on 26 February 2015, Lane-Abrams Joint Venture beat out competition form three other shortlisted teams: