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, US Interstate Highway 10, US Interstate Highway 45, US Highway 59 and US Highway 290.
Upon completion of all segments, it will be the largest loop serving the region. The Grand Parkway System is a portion of the Grand Parkway Project, composed of a portion of Segment D and all of Segments E, F-1, F-2 and G.
The 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 with TxDOT but are not otherwise obligations of the Texas Transportation Commission or TxDOT.
|Series||CUSIP Base No.||Par Amount Issued||Fitch||Moody's||S&P||Official Statement|