The SH 183 Managed Lanes project involves the design, construction, short-term financing, operation and maintenance of a 14-mile portion of State Highway 183 through the cities of Euless, Irving and Dallas in Texas.
The SH 183 highway serves as a primary artery between Dallas and Fort Worth and no longer adequately meets current daily traffic demands with congestion expected to double in coming decades.
Dallas and Tarrant Counties, Texas, USA
Texas Department of Transportation
SouthGate Mobility Partners (Kiewit Development Company and Kiewit Infrastructure South)
Kiewit Infrastructure South and Austin Bridge & Road joint venture
Parsons Transportation Group
SouthGate Mobility Partners (self-perform) and ICA
Financial close date
Design, build, operate and maintain for 25 years
This partnership between SouthGate Mobility Partners (a consortium comprising Plenary Group and Kiewit) and the Texas Department of Transportation, will see the construction of managed lanes, general purpose lanes and connecting roadways. This will realize much needed improvements to what is one of the region’s most congested highways.
The SH 183 Managed Lanes Project comprises:
The project has seen the development of an innovative P3 structure based on design-build-maintain with a short-term receivables financing and no equity capital.
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