North Tarrant Express Mobility Partners is revamping the Northeast Loop 820/Airport Freeway corridor.
Funding for the $414-million project was finalized Friday, according to the private developer North Tarrant Express. Equity participants Cintra and Meridiam will fund the project. It will not require taxpayer money.
Construction will start by the end of the year and is expected to be completed by 2027. Most of the construction will take place at night.
The expansion will add a regular lane in each direction along Northeast Loop 820 from Interstate 35W to the Texas 183/121 split. This stretch was ranked 23 on Texas A&M’s list of the state’s most congested roadways.
It will also add a TEXpress lane in each direction along Airport Freeway between Northeast Loop 820 and Industrial Boulevard in Euless. This stretch is ranked 57th on the state’s most congested roadways.
“Traffic volumes have continued to increase alongside the explosive population growth in Tarrant County,” said Jose Espinoza, CEO of North Tarrant Express Mobility Partners.