This article is over 3 years old

Transportation

Houston’s Grand Parkway Receives $605 Million Federal Loan For Further Expansion

The money will help build the eastern section of the massive toll road project. Earlier segments were built using similar loans.

  • The section of the Grand Parkway between U.S. 290 and I-45 opened in March of 2016. (Photo Credit: Gail Delaughter/Houston Public Media )
    The section of the Grand Parkway between U.S. 290 and I-45 opened in March of 2016. (Photo Credit: Gail Delaughter/Houston Public Media )
  • The Grand Parkway uses all-electronic tolling.
    The Grand Parkway uses all-electronic tolling.
  • Northern terminus of the Grand Parkway  (Photo Credit: Gail Delaughter )
    Northern terminus of the Grand Parkway (Photo Credit: Gail Delaughter )

Listen

To embed this piece of audio in your site, please use this code:

<iframe src="https://embed.hpm.io/322959/322934" style="height: 115px; width: 100%;"></iframe>
X

When finished, the Grand Parkway will make a 180-mile loop around greater Houston. Portions of the massive toll road are currently open, but to finance its next phase of construction, the U.S. Department of Transportation has approved a $605 million loan to the public entity that's building the road, the Grand Parkway Transportation Corporation.

Funds will be used for two eastern segments between U.S. 59 and I-10 — that's the portion that goes into Liberty and Chambers Counties. The new lanes will add about 44 miles to the project and they're expected to be finished in 2022. Construction is already underway.

The total cost of the two segments is $1.9 billion and the borrowed money will cover about a third of that. Earlier segments of the parkway were also built using similar government loans.

The money is made available through the Transportation Infrastructure Finance and Innovation Act, and U.S. Secretary of Transportation Elaine Chao is lauding the project.

"This government investment of $605 million will help regional and local agencies develop the infrastructure that best meets the needs of their communities, increase connectivity, alleviate congestion, and enhance safety," said Chao.

Currently, drivers can take the Grand Parkway from Sugar Land north to the Eastex Freeway. A portion of the toll road is also open near Baytown.

Subscribe to Today in Houston

Fill out the form below to subscribe our new daily editorial newsletter from the HPM Newsroom.

* required

Gail Delaughter

Gail Delaughter

News Anchor

From early-morning interviews with commuters to walks through muddy construction sites, Gail covers all aspects of getting around Houston. That includes walking, driving, cycling, taking the bus, and occasionally flying. Before she became transportation reporter in 2011, Gail hosted weekend programs for Houston Public Media. She's also covered courts in...

More Information