DALLAS -After months of disagreement between two powerful transportation agencies, high-pressure negotiations concluded with a plan to build State Highway 161 near Dallas as a toll road.

By setting a market value of $1.1 billion on the 10-mile project west of Dallas, the Texas Department of Transportation and the North Texas Tollway Authority allowed the highway to operate as a tollway.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.