News Release
Contact:
Randall Dillard
(512) 463-8588
Alternative
funding to be
considered for
Ports-to-Plains
Private
investment, partnerships
to be studied
October 16, 2006
AUSTIN ─ With funding
scarce for the
long-sought
Ports-to-Plains
corridor, state
transportation officials
are looking at
opportunities for
private investment and
partnerships to pay for
moving freight and
utilities along this
trade corridor.
The Texas Department
of Transportation will
consider Ports-to-Plains
funding alternatives in
a study that should be
completed early next
year.
The research will
look at how local
governments and regional
entities can partner
with the private sector
to finance needed
infrastructure. The
potential for utility
transmission along the
corridor will be
assessed, as will the
role of rail, and the
multifaceted trade
relationship among the
nation’s Plains States.
Ports-to-Plains is a
proposed divided highway
corridor stretching from
Laredo through West
Texas to Denver,
Colorado. Designated as
a High Priority Corridor
by Congress in 1998,
Ports-to-Plains corridor
is intended to expand
economic opportunity and
serve international
trade from Mexico to
Canada.
Despite the
congressional
designation, adequate
federal funding has not
been provided to cover
the cost of the project.
Using Ports-to-Plains
as a case study, TxDOT
will research the best
potential applications
of the Trans-Texas
Corridor concept for
routes that may not
attract tolling as a
primary revenue source.
“The utilities
industries have found a
home in West Texas, and
we want to study what
potential opportunities
are available for
attracting private
sector investment for
utility transmission to
other parts of the
state,” said Mike
Behrens, TxDOT executive
director. “In turn, that
investment can help pay
for road improvements
needed to make
Ports-to-Plains a
reality.”
Innovative
transportation funding
options are being
implemented around Texas
to help close an $86
billion funding gap
between what the state
can pay for and what
needs to be done to meet
mobility needs by 2030.
“Using all financial
options is one of our
strategies to meet our
five goals,” said
Behrens, “which are to
reduce congestion,
enhance safety, expand
economic opportunity,
improve air quality and
increase the value of
our transportation
assets.”
“Ports to Plains is
very excited to work
with TxDOT to find new
solutions to meet Texas
growing transportation
needs. The old way of
doing business is not
able to meet the
transportation demands
that keep our economy
moving,” said Michael
Reeves, president of the
Ports-to-Plains Corridor
Coalition. “TxDOT should
be commended for seeking
out creative solutions
to the transportation
funding crisis we are
facing throughout the
country. TxDOT has also
realized that what works
in metropolitan areas
may not work in rural
parts of the state.
“This effort should
expedite the completion
of the Ports to Plains
Corridor, which will
create new jobs and
economic opportunity for
West Texas,” said
Reeves. “Ports to Plains
will be a catalyst for
economic development and
job creation for West
Texas.”
Other TxDOT
strategies to close the
funding gap are to
empower local leaders to
solve local
transportation problems,
increase competition to
drive down costs and
demand consumer-driven
decisions.
The Trans-Texas
Corridor is one of the
proposals to meet the
state’s transportation
needs over the next 50
years and more.