We are thrilled to be sharing some wonderful news about the extension of 1 540 into Southern Wake County.
The Apex Chamber of Commerce shared last week that they "received news that the Federal government approved a multi-year, $380+ million loan for the project, and that the Turnpike Authority sold more than $620m of toll revenue and state appropriation bonds. This means the financing for the project is complete and that the Turnpike Authority now expects to sign construction contracts for this $1 billion freeway project before the end of July.Construction on the section in Research Triangle Park will commence almost immediately.
It would be hard to overstate the importance of this milestone for our region. This project - which consists of the extension of 540 by more than 12 miles to the southwest past Apex to the Holly Springs bypass, as well as the creation of a new Triangle Parkway (Durham Freeway extension to 540 in Research Triangle Park) - represents a billion dollar investment in our region's future by the NC Turnpike Authority. By 2012, we will see 16 miles of new turnpike freeway in southern Durham and western Wake counties (click link for a detailed map - Adobe reader required) with the RTP section opening earlier. The Triangle Expressway turnpike will provide travelers with a mobility option that they may not have otherwise seen for decades, if ever, and will allow our area's economic vitality and quality of life to be preserved."
Thank you to the Apex Chamber of Commerce for sharing this wonderful news so quickly.
The Apex Chamber of Commerce shared last week that they "received news that the Federal government approved a multi-year, $380+ million loan for the project, and that the Turnpike Authority sold more than $620m of toll revenue and state appropriation bonds. This means the financing for the project is complete and that the Turnpike Authority now expects to sign construction contracts for this $1 billion freeway project before the end of July.Construction on the section in Research Triangle Park will commence almost immediately.
It would be hard to overstate the importance of this milestone for our region. This project - which consists of the extension of 540 by more than 12 miles to the southwest past Apex to the Holly Springs bypass, as well as the creation of a new Triangle Parkway (Durham Freeway extension to 540 in Research Triangle Park) - represents a billion dollar investment in our region's future by the NC Turnpike Authority. By 2012, we will see 16 miles of new turnpike freeway in southern Durham and western Wake counties (click link for a detailed map - Adobe reader required) with the RTP section opening earlier. The Triangle Expressway turnpike will provide travelers with a mobility option that they may not have otherwise seen for decades, if ever, and will allow our area's economic vitality and quality of life to be preserved."
Thank you to the Apex Chamber of Commerce for sharing this wonderful news so quickly.
2395 Kildaire Farm Road | Cary, NC 27518