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Texas' ticket to ride the open roadTexas' ticket to ride the open roadhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120482016-02-09T06:00:00Z

​​​​TEXAS - It’s no secret that Texas has been on the receiving end of staggering population gains over the last several decades. Naturally, an increasing number of Texans need to get to and fro and over yonder, and there are costs to the growth.

​The Texas Triangle accounts for two-thirds of the state's population and 97 percent of the state's most congested roads.

The Texas Department of Transportation unveiled a $1.3 billion plan to address congestion along 42 miles of some of the state's worst chokepoints.

Houston will receive the most, $443.3 million, which will re-address the US 59/Loop 610 interchange near the Galleria.

Meanwhile, the costliest project in the state is allocated to parts of 1-35 and US 67 in Dallas.

Austin is set to receive $158.6 million to ease traffic on 1-35. Simultaneously, more significant plans are under evaluation in the Triangle percent other convergence points, from managed toll lanes and rail lines, to widening and improved traffic signals.

Even with all of these forward-looking announcements and planning measures, by 2040 the state is expected to have 18 million more vehicles on the road and the majority of those newcomers will fall within the boundaries of the Texas Triangle.

CBRE
Texas
Infrastructure & Transportation
http://www.cbre.us/o/austin/austin-real-estate-trends/Pages/MarketFlash-February-1-Texas-Ticket-to-Ride-transportation-projects-as-big-as-the-Lone-Star-to-improve-mobility.aspxSee the full report at {Source}

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