The Texas Transportation Commission unanimously approved a 2.2% toll rate increase for portions of the Grand Parkway and Hwy. 249 at its Nov. 16 meeting.
“These percentages are based on the traffic and revenue studies used for each of the systems,” said Benjamin Asher—the director of the project finance, debt and strategic contracts division—at the Nov. 16 meeting.
In September, the commission paused toll rate increases to review its toll rate escalation policy and rate adjustment options, Community Impact previously reported.
“As we’ve done throughout this year and we plan to do next year, we will continue our practice of regularly monitoring inflation and [consumer price index] trends, and provide updates to you throughout the year,” Asher said to the commission.
