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Using a combination of federal stimulus funding, a State Infrastructure Bank loan, a Transportation Infrastructure Finance and Innovation Act loan, and bond debt, the Mobility Authority expects to raise the $245 million necessary to fund the first 1.4 mi of the project, including four direct-connect flyover ramps between U.S. 183 and U.S. 290.
The authority is fast-tracking right-of-way acquisition and utility relocation on the section of the expressway route between U.S. 183 and Chimney Hill Drive, a portion which may be open to traffic by late 2012.
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