THECITY Magazine El Paso • April 2018

Page 67

April, 2018

We also have a first for financing. Texas Inner

was constructed in 1985, and is owned and

Loop Spur 601 represents one of the first

operated by TxDOT and the Government

projects developed as a pass-through financing

of Mexico. The United States side of the

agreement (also known as shadow tolling) in the

bridge connects to US Route 67 which leads

United States. This approach can involve either

to Marfa, Texas, and FM 170. The Mexican

a private firm or public agency, which provides

side of the bridge in Ojinaga, Chihuahua

up-front capital for project development in

connects to MEX 16 and CHIH 18. Since the

return for annual payments based on traffic

completion of the new highway between

levels on the facility. In this case, the Camino

Chihuahua City and Ojinaga in Mexico in late

Real Regional Mobility Authority (CRRMA)

2003, commercial border crossings have

served as the conduit bond issuer on behalf

increased more than 300 percent at the

of a private developer. The $321 million dollar

Presidio-Ojinaga Port of Entry.

project involved the construction of a 4-lane, 7.4 mile divided freeway between US 54 and Loop

El Paso state roads may have you taking

375. The pass-through agreement combined

a second look the next time you see any

with private debt funding accelerated the start

signage or drive through the diverging

of the El Paso Spur 601 Project by an estimated

diamond intersection or double roundabout.

five to ten years.

A series of “firsts,� these models were designed to improve your commute, they all

International acclaim? Yes. The first and only

have an innovative framework that helped

state owned international bridge is in the El

set our TxDOT district on the cutting edge of

Paso District. Located in Presidio, the bridge

transportation technology.

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