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ST9904-CS080213STATE HIGHWAY 121 Progress Report North Texas Tollway Authority State Highway (SH) 121 stretches 26 miles southeast to northwest, linking the Dallas -Fort Worth Airport and rapidly growing communities in Collin, Dallas and Denton counties. When construction is completed, the six main lanes of SH 121 will feature all- electronic toll collection gantries, increasing mobility, reducing travel time, fostering economic development and improving regional air quality. • • The North Texas Tollway Authority (NTTA) and the Texas Department of Transportation (TxDOT) finalized a project agreement for SH 121 on August 23, 2007. The agreement authorizes the NTTAto design, build, operate and maintain SH 121 in Collin, Dallas and Denton counties for approximately 50 years, beginning with the opening of Segments 1 and 2 in fall 2008. TxDOT executed the project agreement on October 18, 2007 following the Federal Highway Administration's environmental clearance of a re- evaluation of Segments 1 -4. • The NTTA presented a Texas -sized check and made the required upfront payment to TxDOT and the Regional Transportation Council of the North Central Texas Council of Governments on November 30, 2007. • Most of the required right of way (ROW) for the project has been acquired by TxDOT, Collin, Dallas and Denton counties; and the cities of Plano, Frisco, Allen and McKinney. In October 2007, the NTTA initiated ROW acquisition and utility coordination services for Segment 4. Segment 5 ROW acquisition, to be funded by TxDOT, will begin after environmental clearance is received. • The Allen City Council approved a resolution on January 8, 2008 supporting an updated preliminary design for the SH 121 interchange with U.S. Highway 75. The council's resolution notes that the updated design will "improve mobility and access for residents of the city of Allen as well as surrounding areas." • McKinney City Council members approved a similar resolution on February 5, 2008. February 13, 2008 • An alternate design concept for the SH 121 interchange with U.S. 75 (Segment 4) is being discussed with Allen, Fairview, McKinney and Collin County. An alternate design for Segment 4 will require environmental re- evaluation. A consultant has begun providing final design services. Coordination to approve the schematic with TxDOT and the Federal Highway Administration (FHWA) is underway. • The NTTA has begun the process to procure a professional services contract for Segment 5, which includes the completion of the fourth- and fifth -level ramp connections to the Dallas North Tollway (DNT), as well as new ramp access to the Legacy Business Park area. Eight direct - connect structures will be built, resulting in a fully directional interchange. Construction of Segment 5 cannot begin until TxDOT grants environmental approval, which is anticipated later this year. • The construction contract for Segment 3N was let in mid - January 2008. Approval by the NTTA Board of Directors is pending. • Contracts are expected to be let for Segment 3S and for signs, pavement markings, soundwalls and remaining traffic control on Segments 1 and 2 on February 13, 2008. • The NTTA expects to begin tolling operations for Segment 1 late in the second quarter of 2008. • The NTTA also expects to begin operating and maintaining SH 121 upon completion of the construction of Segments 1 and 2 in September 2008. • Project limits: Business 121 (south of Denton Tap Road) to Medical Center Drive (east of U.S. 75) - Project length: Approximately 26 miles • Project cost: Approximately $639 million (excluding approximately $59 million for the expansion from six to eight lanes) - Anticipated completion dates: — Segments 1 & 2: September 2008 — Segment 3: January 2010 — Segment 4: January 2011 — Segment 5: January 2012 5900 W. Plano Parkway, Suite 100, Plano, TX 75093 Email: SH121 @ntta.org Web site: www.ntta.org NT TA. NORTH TEXAS TOLLWAY AUTHORITY Nrra� NORTH TEXAS TOLL WAY AUTHORITY BOARD OF DIRECTORS PAUL N. WAGEMAN ............... ............................... WILLIAM W. MEADOWS ...... ............................... GARY RAF. BOBDAY ...... ............................... DAVID R. DENISON .................. MICHAEL R. NOWELS ............ ROBERT K. SHEPARD ............. ALAN E. SIMS ............................ VICTOR T. VANDERGRIFF.... .................. .......................Chairman . ............................... Vice - Chairman .................... ............................... ....................... Director .................... ............................... .......................Director ........................................... ............................... Director ........................................... ............................... Director .................... ............................... .......................Director ........................................... ............................... Director .......................................... ............................... Director NTTA EXECUTIVE STAFF JORGE FIGUEREDO ......................................... ............................... Executive Director RICK HERRINGTON ........................... ............................... Deputy Executive Director SUSAN A. BUSE ........................................... ............................... Chief Financial Officer CLAYTON HOWE ........ ............................... Assistant Executive Director, Operations JEFF DAILEY ....... ............................... Assistant Executive Director, Project Delivery SUSAN A. BUSE ............................... Assistant Executive Director, Project Evaluation ARMANDO GARZA .................. ............................... .......................Director of Finance DEBRA SMITH ............................................. ............................... Secretary to the Board landscaping and installing an all -ETC and ITS system. The NTTA's improvements are scheduled for completion by September 2008. Design for Segment Three (3) from Hillcrest Road to Lake Forest Drive has been completed by the NTTA. The existing frontage roads and diamond interchange at Custer Road were constructed and opened to traffic by TxDOT previously. The NTTA is responsible for constructing mainlane pavement and bridge structures, signing, pavement markings, landscaping and installing an all -ETC and ITS system. Construction completion is scheduled for January 2010. Segment Four (4) extends from Lake Forest Drive to one -half mile east of US 75 at Medical Center Drive. The NTTA is responsible for constructing a four level interchange with direct connect ramps between SH 121 and US 75, including all mainlane pavement, bridge structures, signing, pavement markings, landscaping and installation of all -ETC and ITS systems. Construction completion is scheduled for January 2011. Segment Five (5) is currently a three -level interchange at the intersection of the Dallas North Tollway (DNT) and SH 121. The existing three -level interchange will remain and be converted by the NTTA to a five -level interchange with the addition of direct connect ramps. This segment is planned for construction completion by January 2012. PROJECT FUNDS The current total estimated cost for the Project (Segments 1 — 5), for the three lane section currently being designed, exclusive of interest and financing, but including a contingency allocation, is $638,810,715, as shown in Table 3, page 11. The estimated cost was developed based on the status of contracts awarded to date and is the best information available as of December 2007. The estimated Project cost reflects our professional judgment of the construction industry. However, due to the nature of the construction industry we cannot, and will not, guarantee that the actual Project cost will not vary from the estimated cost. SH 121 Toil Project ii HNTB Corporation Progress Report #1— December 2007 Pursuant to the requirements of Section 411 of the trust agreement, we submit this current estimate of the following: Construction Status: Construction contracts for the fabrication of steel required for the all - ETC gantries in Segments 1 and 2 were let in November 2007. A construction contract for the construction of the all -ETC tolling sites in Segments 1 and 2 was let in December 2007. The construction contract for the northern half of Segment 3N is scheduled to be let in January 2008. Construction contracts for the southern half of Segments 3, as well as the remainder of Segment 1 and 2 work, are scheduled for letting in February 2008. 2. The Project cost, which will be financed by the NTTA, is estimated to be $638,810,715, including construction contingencies, as shown on Table 3, page 11. This amount does not include bond discounts, interest during and after construction, and other financing costs. 3. The quarterly estimated funding required for the remaining estimated construction period to meet the Project cost, including funds allocated for project contingencies are as shown in Table 4, page 12. Respectfully submitted, HNTB CORPORATION Stephanie L. Halliday, P.E. Project Director SH 121 Toll Project W HNTB Corporation Progress Report #1— December 2007 NORTH TEXAS TOLL WA Y UTHORITY SYSTEM STA TE HIGHWA Y 121 TOLL PROJECT DECEMBER 2007 PROGRESS REPORT This report describes the location, engineering design features and construction cost estimates of the State Highway 121 (SH 121) Toll Project (the "Proiect ") in Collin, Dallas and Denton counties from Business SH 121 in Denton County to US Highway 75 (US 75) in Collin County, a distance of approximately 26 miles. In addition, this report includes the engineering design standards, typical sections and project plan and profile for the Proiect. GENERAL The Project extends northeasterly from Business SH 121 in Denton County to US 75 in Collin County and continues to serve as a primary northeast - southwest traffic artery in the corridor area between IH 35E and US 75. The corridor area served by SH 121 continues to experience significant growth in commercial, retail and residential development. SH 121 is also a primary arterial serving the Dallas -Ft. Worth (DFW) International Airport. The purpose of the Project described in this report is to complete, expand, and improve the roadway to meet the growing traffic demand in Collin, Dallas and Denton counties. The Texas Department of Transportation (TxDOT) has completed and opened to traffic the frontage roads for the entire length of the Project with exception of the frontage road reconstruction work required to reconfigure the SH 121/ US 75 interchange in accordance with project requirements. The Project is broken into five segments for purposes of managing and expediting the design and construction (refer to Figure 1- Project map on page 2). SH —121 Toll Project Page I HNTB Corporation Progress Report #1— December 2007 Figure 1: State Highway 121 Corridor Location and Segments SH -121 Toll Project Page 2 HNTB Corporation Progress Report #1 — December 2007 Segment One (1), the most southwesterly portion of the Project extends seven (7) miles from Denton Tap Road/Denton Creek to FM 2281 (Old Denton Road). All bridge structures, ramps, frontage roads, six (6) main lanes pavement and video tolling system (no toll tag readers) in this Segment were constructed by TxDOT and opened to traffic in July 2006, as a six -lane video tolled facility. The NTTA is responsible for constructing soundwalls, additional signing, pavement markings, landscaping and installing all electronic tolling collection (all -ETC) (toll tag readers and video) and Intelligent Transportation Systems (ITS). The NTTA's improvements are scheduled for completion by September 2008. Segment Two (2), the mid - western portion of the Project, extending nine (9) miles from FM 2281 to Hillcrest Road, is under construction by TxDOT and is scheduled for completion by the end of August 2008. TxDOT is constructing all bridge structures, ramps and six (6) main lanes of pavement. The NTTA is responsible for constructing additional signing, pavement markings, landscaping and installing all -ETC and ITS systems. The NTTA's improvements are scheduled for completion by September 2008. Segment Three (3), the mid- eastern portion of the Project, extending seven (7) miles from Hillcrest Road to Lake Forest Drive, is currently being designed by the NTTA. The existing frontage roads and interchange at Custer Road were constructed and opened to traffic by TxDOT. The NTTA is responsible for constructing a six mainlane tollway between the existing frontage roads consisting of grading, drainage, structures, concrete pavement, retaining walls, illumination, sign structures, bridge structures, signing, pavement markings, landscape and the installation of all -ETC and an ITS systems. Construction completion is scheduled for January 2010. Segment Four (4), the most easterly portion of the Project, extends three (3) miles from Lake Forest Drive and terminates approximately one -half mile east of US 75 at Medical Center Drive, a major arterial facility in the City of McKinney. The NTTA is responsible for constructing a four -level interchange with direct connecting ramps at SH 121 and US 75 consisting of a six -lane tollway on new location, reconstructing US 75 to an eight -lane facility, and realigning and reconstructing the SH 121 frontage road network. Work consists of grading, drainage, structures, SH 121 Tol/ Project Page 3 HNTB Corporation Progress Report #1— December 2007 concrete pavement, retaining walls, illumination, sign structures, pavement markings, utility relocation, landscape, and the installation of an all -ETC and ITS systems. Service roads will provide access to US 75 from SH 121 until this interchange is completed. This segment is planned for construction completion by January 2011. Segment 5 is comprised of the interchange between SH 121 and the Dallas North Tollway (DNT). The existing three -level interchange will remain and be converted by the NTTA to a five -level interchange with direct connecting ramps. Work includes the completion of the fourth and fifth level ramp connections to the DNT as well as new ramp access to the Legacy Park Business area. A total of eight direct - connect structures will be constructed resulting in a fully directional interchange. This segment is planned for constriction completion by January 2012. The entire State Highway 121 Project is expected to include 3 mainlane toll gantries and 38 ramp toll gantries, which will operate as all -ETC to maximize traffic flow. The gantry structures accommodate the overhead placement of ETC equipment. The three mainlane gantries are located near Denton Tap Road (Segment 1), Main Street (Segment 2) and east of Custer Road (Segment 3). Each mainlane ETC gantry will provide for six initially and ultimately eight toll collection lanes (three initially and ultimately four in each direction) that will be equipped with both TollTag and TxTag collection capability. All toll collection lanes are dedicated, non -stop express lanes to expedite the flow of traffic through the gantries and provide for ease of maintenance. Refer to Figure 1 for tolled main lane gantry and ramp connection locations. SH 121 Toll Project Page 4 HNTB Corporation Progrevs Report #1— December 2007 The current estimated cost of the Project (Segments 1 -5), for the three lane section currently being designed is $638,810,715. The total project cost including future capacity improvements is $698,120,000. The required 350 to 400 - foot -wide Project right -of -way (ROW) was acquired by TxDOT, Collin County, Dallas County, Denton County and the cities of Plano, Frisco, Allen and McKinney. The estimated cost does not include funds for ROW acquisition services for minor widening required at the interchanges at SH 121 /US 75 and SH 121 /DNT, where a total of seven parcels (17.98 acres) are required prior to construction, which will be acquired by TxDOT at its cost. Construction contracts for structural steel fabrication and toll gantry construction required for all - ETC operation of Segments 1 and 2 were competitively bid in November and December 2007, respectively. A construction contract for construction of Segment 3N is scheduled to bid in January 2008. A construction contract for signing, pavement marking, and soundwall construction required in Segments 1 & 2 is scheduled to bid in February 2008. A construction contract for construction of Segment 3S is currently under advertisement and will be bid in February 2008. Quantities of the major construction items were developed from construction plans and include grading, drainage, bridges, retaining walls, soundwalls, gantries, ETC and ITS equipment, landscaping and related elements of construction. The estimated quantities and the unit prices for similar construction in the Dallas area were used to estimate the total construction cost. The unit prices are based on costs expected to be received through the competitive bidding process in the first quarter of 2008. Quantities of the major construction items for Segments 4 and 5 were developed from conceptual schematic plans prepared by TxDOT. Construction plans are scheduled to be completed for Segments 4 and 5 by late 2008. Several factors, including unforeseen escalation of prices and wages, labor or material shortages and changes in economic conditions can significantly affect (escalate or reduce) construction costs. Appropriate contingencies are added to the cost of the Project to cover the unforeseen escalations. The estimated Project cost reflects our professional judgment of the construction industry; and it is our belief that the Project can be constructed within the limits described for the estimated cost given herein. However, due to the nature of the construction industry we can-not, and will not, guarantee that the actual Project cost will not vary from the estimated cost. SH 121 Toll Project Page 5 HNTB Corporation Progress Report #1— December 2007 DESIGN AND CONSTRUCTION STATUS SH 121, Segment I In 2006, TxDOT completed the construction of Segment 1, from Denton Creek to FM 2881 (Old Denton Road). Segment 1 includes three main lanes in each direction for a length of 7.05 miles, including northbound and southbound frontage roads. It was opened to traffic by TxDOT in July 2006 as an all electronic Tollway utilizing video tolling. A main lane toll gantry was constructed by TxDOT and is located just east of Denton Tap Road for video tolling of all main lanes. Toll gantries also exist at each ramp cast of MacArthur Boulevard to collect tolls via video tolling from customers accessing SH 121 from service roads. Segment 1 planned improvements by NTTA include new sound walls, main lane gantry, ramp gantries, additional signing, landscaping, pavement markings, tolling and ITS improvements. All improvements are scheduled for completion by September 2008. Toll Tag readers and video equipment will be placed at 8 existing ramp locations to collect tolls fi customers accessing SH 121 from service roads. Segment l (7.05 miles) Roadway: From Denton Creek to FM 2881 (Old Denton Road) • Design consultant: Huitt Zollars, Inc. • Right -of -Way: Acquired by TxDOT • NTTA Improvements Construction contractor: Toll gantries by Brookfield and Austin Bridge & Road • Open to traffic date: July 2006 • Construction status: Mainlanes are complete, NTTA Improvements are underway or in letting process SH 121, Segment 2 The main lane construction of Segment 2 is under construction by TxDOT and is scheduled for completion by August 2008. Segment 2 begins at the ramps just west of FM 2281 (Old Denton SH 121 Toll Project Page 6 HNTB Corporation Progress Report #1— December 2007 Road) to just east of Hillcrest Road, a length of 9.02 miles. Improvements planned for this section are the same as those identified for Segment 1. A new main lane toll gantry will be located just west of Main Street for Toll Tag readers and video tolling of all main lanes. Toll gantries will be placed at 14 ramp locations to collect tolls from customers accessing SH 121 from service roads. Segment 2 (9.02 miles) Roadway: From North of John Hickman Road to South of Platinum Parkway • Design consultant: Huitt Zollars, Inc. • Right -of -Way: Acquired by TxDOT • NTTA Improvements Construction contractor: Toll gantries by Brookfield and Austin Bridge & Road • Open to traffic date: July 2006 • Construction status: Nearing completion SH 121, Segment 3S, 3N The main lane construction of Segment 3 begins just east of the Hillcrest Road overpass and extends northeasterly 6.88 miles, terminating at the west side of the Wafters Road overpass. Segment 3 involves design and construction of the six main lanes, main lane and ramp gantries, landscaping, signing, pavement markings, tolling and ITS systems. Segment 3 is divided into two sections for ease of design and construction. Segment 3S begins just east of the Hillcrest Road overpass and terminates just east of the Custer Road overpass. Segment 3N begins just east of the Custer Road overpass and terminates on the west side of Lake Forest Drive/Watters Road overpass. A main lane toll gantry is located just east of Custer Road for ETC tolling of all main lanes. Toll gantries will be placed at 12 ramp locations along Segment 3 to collect tolls from customers accessing SH 121 from service roads. Segment 3 construction is scheduled for completion by January 2010. Segment 3S (3.28 miles) Roadway: East of Hillcrest Road Overpass to East of Custer Road Overpass ♦ Design consultant: Parsons Brinkerhoff SH 121 Toll Project Page 7 HNTB Corporation Progress Report #1— December 2007 • Right -of -Way: Acquired by TxDOT • Construction contractor: TBD • Open to traffic date: January 2010 • Construction status: Letting in February 2008 Segment 3N (3.60 miles) Roadway: East of Custer Road to West of Lake Forest Drive/Watters Road Overpass • Design consultant: Bridgefarmer • Right -of -Way: Acquired by TxDOT • Construction contractor: TBD • Open to traffic date: January 2010 • Construction status: Letting in January 2008 SH 121, Segment 4 The main lane construction of Segment 4 begins at the west side of the Wafters Road overpass and terminates east of Medical Center Drive intersection for a length of 2.94 miles. Design and construction of the four -level US 75 interchange with SH 121 and the reconstruction of a portion of US 75 are also included in Segment 4. Toll gantries will be placed at four ramp locations to collect tolls from customers accessing SH 121 from the service roads. Construction is scheduled for completion by .January 2011. Segment 4 (2.94 miles) Roadway: From West of Waters Road to Medical Center Drive East of US 75 • Design consultant: Jacobs, Inc. • Right -of -Way: NTTA to perform acquisition services and TxDOT to pay acquisition costs for four parcels at US 75 /SH 121 Construction contractor: TBD • Open to traffic date: January 2012 • Construction status: In planning and design, etimated construction letting Fall 2008 SH 121 Toll Project Page 8 HNTB Corporation Progress Report #1— December 2007 SH 121, Segment 5 Segment 5 involves the design and construction of improvements to the existing three -level interchange at the DNT and SH 121 to provide a fourth and fifth level of direct connecting ramps between the DNT and SH 121, as well as new ramp access to the Legacy Business Park area. The direct connecting ramps will provide for direct access in each direction between the DNT and SH 121 and greatly improve traffic flow at this interchange. All SH 121 and DNT frontage roads have been constructed and are open to traffic. Construction is scheduled for completion by January 2012. Segment 5 main lanes are 0.33 miles long. The environmental assessment document for Segment 5 of the Project is currently in development. The environmental document was sent to the Environmental Affairs Division of the Federal Highway Administration (FWHA) on March 29, 2007. Based on the investigations conducted, the Project will have no significant impacts on the quality of the human environment and have no serious effects on the factors that were evaluated. It is expected to be environmentally cleared. Segment 5 (0.33 miles) Roadway: Connecting Ramps from DNT to SH 121 ♦ Design consultant: TBD • Right -of -Way: NTTA to perform acquisition services and TxDOT to pay acquisition costs for three parcels at SH 121 /DNT • Construction contractor: TBD • Open to traffic date: January 2012 • Construction status: In planning, estimated construction letting late 2008 SH 121 Toll Project Page 9 HNTB Corporation Progress Report #1— December 2007 NORTH TEXAS TOLLWAY AUTHORITY SYSTEM STATE HIGHWAY 121 TOLL PROJECT TABLE 2 - DESIGN AND CONSTRUCTION STATUS REPORT, SECTIONS l - 5 s t' Limits ec on 1 Denton Creek to FM 2881 Section 2 FM2281 to East of Hillcrest Road Section 35 East of Hillcrest Road Overpass to East of Custer Road Overpass Section 3N East of Custer Road to West of Lake Forest Drive /Wafters Road Overpass Bridgefarmer May 21, 2007 Section 4 Section 5 West of Waters Road to Medical Center Drive East of US 75 Connecting Ramps from DINT to SH 121 Design Consultant Huitt Zollars Huitt Zollars � Parsons Brinkerhoff Jacobs TBD Design Notice to Proceed May 21.2007 y May 21, 2007 May 21, 2007 October 12, 2007 TBD Current Status of PS &E Completed Completed Completed Completed Ongoing g g Consultant Selection Letting Dates November 2007 & February 2008 Multiple Contracts November 2007 & February 2008 Multiple Contracts February 13, 2008 January 15, 2008 TBD TBD Construction Contract 7Multiple Contra cts 02320, , 02334, 022 38- 21- 00 -CN -EN tiple Conract Mults 02320, 02325, 02334, 02238- SH121- 00 -CN -EN 02240- SH121- 03 -CN -EN 02242- SH121- 03 -CN -EN TBD TBD TBD Contractor Begin TBD TBD TBD TBD TBD Construction March 1, 2008 March 1, 2008 TBD TBD TBD TBD End Construction Date September 1, 2008 September 1, 2008 January 1, 2010 January 1, 2010 rY January 1, 2011 January 1, 2012 Duration (Months) 6 6 33 33 45 51 pTrafficDate Awaiting Letting /Award Awaiting Letting /Award Awaiting Letting /Award Awaiting Letting /Award January 1, 2010 In Design Design Firm Selection July 1, 2006 September 1, 2008 January 1, 2010 January 1, 2011 January 1, 2012 SH 121 Toll Project Page 10 HNTB Corporation Progress Report #1— December 2007 ESTIMATE OF PROJECT FUNDS The estimate of project funds required for construction of the SH 121 Tollway is $638,810,715, as shown in Table 3 below. Also provided in Table 3 for comparison is the estimate from the SH 121 Engineering Report (the "Engineering Report) dated November 2007. Table 3 shows committed expenditures as of December 2007 for the project. These expenditures include the actual payments. I ) The estimated miscellaneous construction cost includes the costs of construction material testing, utility relocations, casements, landscape and ITS equipment installation. 2) $2 million of the committed expenditures for Line No. 5 represents the amount of Feasibility Study Fund (FSF) expenses reimbursed to date. Future reimbursements to cover the remainder of FSF expenditures are anticipated. 3) Future fourth lane capacity improvements along Segments 1 -5 estimated at $59,309,300 are not included in the above estimate. The current cost estimate represents the best good -faith judgment from a design professional familiar with the highway construction industry. Neither the NTTA nor its consulting engineers have control over the labor, materials or equipment costs; the contractors' methods of determining bid prices; or competitive bidding, market, or negotiating conditions. The estimate of construction costs given in progress reports will be monitored as work progresses on the Project. SH 121 Toll Project Page 11 HNTB Corporation Progress Report #1— December 2007 TABLE 3: COST SUMMARY Contract No. Description Estimated Cost, December 2007 Committed Expenditures 1 Se ments 1, 2 $ 14,163, 718 $ _ 2 Segments 3N $ 69,394,482 $ _ 3 Segments 3S $ 67,699,475 $ _ 4 Segment 4 $ 155,085,553 $ _ 5 Se ment 5 $ 92,843,188 $ _ 6 Toll Gantries, Equipment $ 17,626,759 $ _ 7 Construction Management $ 33,138,619 $ _ 8 Miscellaneous Construction' $ 21,172,723 $ _ Subtotal 1 -7 Construction $ 471,124,517 $ 9 PS &E Plans, Specifications & Estimates 2 $ 37,213,460 $ 2,000,000.00 10 PS &E Administrative $ 11,437,618 $ 263,885.87 11 Other A enc Costs $ 150,000 $ - Subtotal 8 -10 Engineering $ 48,801,078 $ 1,736,114.13 12 1 Project Contingencies $ 118,885,105 $ Project Total 1 -11 3 $ 638,810,715 $ 1,736,114.13 I ) The estimated miscellaneous construction cost includes the costs of construction material testing, utility relocations, casements, landscape and ITS equipment installation. 2) $2 million of the committed expenditures for Line No. 5 represents the amount of Feasibility Study Fund (FSF) expenses reimbursed to date. Future reimbursements to cover the remainder of FSF expenditures are anticipated. 3) Future fourth lane capacity improvements along Segments 1 -5 estimated at $59,309,300 are not included in the above estimate. The current cost estimate represents the best good -faith judgment from a design professional familiar with the highway construction industry. Neither the NTTA nor its consulting engineers have control over the labor, materials or equipment costs; the contractors' methods of determining bid prices; or competitive bidding, market, or negotiating conditions. The estimate of construction costs given in progress reports will be monitored as work progresses on the Project. SH 121 Toll Project Page 11 HNTB Corporation Progress Report #1— December 2007 The quarterly estimated amount of funds required for the estimated period of construction to meet the cost of the SH 121 Toll Project, including funds allocated for project contingencies is shown below in Table 4. Table 4 - Draw Schedule Period Ending Quarterly Estimate December 2007 Cumulative Estimate December 2007 Quarterly Actual Cumulative Actual 12/31/2007 $12,804,925 $12,804,925 $12,804,925 $12,804,925 3/31/2008 $33,446,909 $46,251,834 6/30/2008 $33,242,529 $79,494,363 9/30/2008 $41,753,247 $121,247,610 12/31/2008 $43 $164,412,713 3/31/2009 $45,251,476 $209,664,189 6/30/2009 $58,384,693 $268,048,882 9/30/2009 $49,556,722 $317,605,604 12/31/2009 $56,784,505 $374,390,109 3/31/2010 $69,029,739 $443,419,848 6/30/2010 $56,438,762 $499,858,610 9/30/2010 $28,183,759 $528,042,369 12/31/2010 $28,292,414 $556,334,783 3/31/2011 $16,054,651 $572,389,434 6/30/2011 $15,473,236 $587,862,670 9/30/2011 $13,414,901 $601,277,571 12/31/2011 $11,969,015 $613,246,586 3/31/2012 $7,083 $620,330,342 6/30/2012 $4,348,610 $624,678,952 9/30/2012 $3,843,583 $628,522,535 12/31/2012 $4,197,730 $632,720,265 3/31/2013 $4,684,498 404,763 6/30/2013 $1,405,937 F$6�38,810,700 SH 121 Toll Project Page 12 HNTB Corporation Progress Report #1— December 2007 SCHEDULE As stated in the SH 121 Engineering Report, the major milestone dates are as follows: Segment Commence Construction Service Commencement 1 & 2 Dec -07 1 -Se -08 3S Mar -08 1- Jan -10 3N Mar -08 1- Jan -10 2008 1- Jan -11 L i ::J Fall Late 2008 1- Jan -12 Section 1: Main lanes were open to traffic July 2006. The additional activities for which the NTTA is responsible for are underway or in the letting process. Expected completion is scheduled for September 2008. Section 2: Main lanes are currently being constructed by TxDOT and are anticipated to open to traffic in September 2008. Section 3S: Preparation of construction plans and acquisition of right -of -way is complete. The project is scheduled to let in February 2008. Expected start of construction is March 2008 with anticipated completion January 1, 2010. Section 3N: Preparation of construction plans and acquisition of right -of -way is complete. The project is scheduled to let in January 2008. Expected start of construction is March 2008 with anticipated completion January 1, 2010. Section 4: Preparation of final construction plans, specifications, and right -of -way acquisition services are under way. Construction of this three mile section, including the US 75 interchange, is anticipated to begin in the Fall of 2008. Expected completion is January 1, 2011. Section 5: Preparation of final construction plans, specifications, and right -of -way acquisition is expected to begin in the Spring of 1008. Construction of this .33 mile interchange at the DNT, is anticipated to begin late in 2008. Expected completion is January 1, 2012. SH 121 Toll Prgject Page 13 HNTB Corporation Progress Report #1— December 2007 DESIGN CONSIDERATIONS The Project (existing and proposed sections) has been designed for a safe operating speed of 70 miles per hour. Wherever possible, desirable values for designs will be used to maximize safety. The entrance and exit ramps will be designed to provide a smooth and safe transition between the SH 121 main lanes and the service roads using 50 -mph design criteria. The Project will initially provide six traffic lanes, three in each direction. The median width varies from 28 feet to 52 feet throughout the length of the Project. A concrete median barrier will be placed between opposing directions of traffic over the entire length of the Project to prevent cross -over accidents. Should additional lane capacity be required in the future, the median will accommodate one additional standard 12 -foot -wide lane in each direction, while maintaining a center median barrier. The NTTA has proposed to use its system -wide design guidelines and standards for Segments 3, 4 and 5, which include structural signing, bridges, retaining walls, ROW fencing, lighting, toll gantry and landscape elements to promote visual consistency on all NTTA facilities. These aesthetic elements are provided to enhance the NTTA customers' driving experience and maximize safety for the motorists. The proposed Segments 3, 4 and 5 guidelines will match the design guidelines used on the DNT extension at SH 121. Segments 1 and 2 will remain as built, except for modifications to the toll gantries, bridge fencing, ROW fencing, landscaping, logos and colors of the walls and bridge beams. SH 121 Toll Project Page 14 HNTS Corporation Progress Report #1— December 2007