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Grand Parkway System

The purpose of the Grand Parkway Project is to improve the transportation network and level of service in the Houston–Sugar Land–Baytown metropolitan area. It will relieve traffic and congestion on the surrounding major roadways including, but not limited to, I-10, I-45, US 59 and US 290. Upon completion of all segments, the Grand Parkway Project will be the largest loop serving the region.

The Grand Parkway Transportation Corporation (GPTC) obligations were issued in part to finance the costs of the Grand Parkway System. The GPTC obligations are supported by a Toll Equity Loan Agreement (TELA) with TxDOT but are not otherwise obligations of the Texas Transportation Commission or TxDOT.

GPTC Grand Parkway System Toll Revenue Bond Series

Series CUSIP
(base no.)
Principal Amount Issued (in thousands)
Fitch Moody's S&P Official Statement  
2014A2 38611T $733,465 Not rated
Not rated SP-1+ *2014 OS*  
2014B1,3 38611T $83,550
Not rated Not rated AA+ n/a3  
2014C1,2,3 38611T $107,180 Not rated Not rated AA+ n/a3  
2013A 38611T $200,000 BBB+ Not rated BBB *2013 OS*  
2013B1 38611T $1,414,935 AA- Not rated AA+ *2013 OS*  
2013E1 38611T $361,810 AA- Not rated AA+ *2013 OS*  

1Debt supported by the TELA.
2The Corporation anticipates retiring this with the proceeds of refunding bonds, or if drawn upon, proceeds of a TIFIA loan.
3Series 2014B and 2014C were privately placed with financial institutions and do not have Official Statements.

Disclaimer

Each document contained in this section of the corporation's website is marked with a date and speaks only as of that date. Except as otherwise disclosed in any official statement or other document, the corporation expressly disclaims any duty to update any document (or any portion of any document) contained in this section. The information and documents in this section are provided for informational purposes only, and must not be considered to be an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

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