Thursday, 02 August 2012 14:05
The Texas Transportation Commission met in Corpus Christi on July 26, 2012 and approved the Hidalgo County Regional Mobility Authority’s (HCRMA) request to terminate the Pass-Through Agreements for the State Highway 365 and US 281 Military Highway Overpass project. This action was necessary to allow for the HCRMA to proceed in negotiating an Advance Funding Agreement (AFA) with the Texas Department of Transportation (TxDOT) for $112 million in funding for SH 365 and US 281. The proposed AFA gives the HCRMA greater flexibility than the Pass-Through Agreements if additional funding is secured for the projects. It is anticipated that the AFA will be considered by the Texas Transportation Commission at its August 2012 meeting.