Texas' LBJ Freeway Managed Lanes P3

07.30.2010
Infrastructure Journal

Nossaman was mentioned in the Infrastructure Journal article, "Texas' LBJ Freeway Managed Lanes P3" as one of the appointed legal advisers for the I-635/LBJ Managed Lanes project in Texas.  The project marks a major milestone in the development of private sector investment in infrastructure, standing as the largest transportation greenfield P3 project in the US.

The article discusses that, in addition to scale - construction costs standing at US$2.7 billion and more than US$4 billion over the 52-year concession - LBJ is impressive for the method in which it will be developed, as well as its unique tolling and financial characteristics.  The landmark I-635 deal - along with the North Tarrant Express  that closed in December 2009 with the same set of project partners - is a nationally significant transaction for advancing the use of managed lanes to address congestion.

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