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Weatherford promoters say $11.5M grant secured for northern bypass; loan proposed for design
Summary
Presenters said North Central Texas Council of Governments and TxDOT have committed an $11.5 million grant toward the northern (Waco) bypass; a proposed $4.4 million loan would cover schematic design and right-of-way work, leaving about $8 million to fund the southern portion, which remains under discussion.
Project finance staff told attendees that funding for the northern portion of the recommended Waco alignment has been substantially identified, while work on later phases remains under discussion.
"We do have a commitment from the North Central Texas Council of Governments and TxDOT for a grant for $11,500,000 for that project and that will go towards the construction of that," said Presenter (funding), noting the figure applies to the northern (phase 1) portion of the…
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