The Capital Area Metropolitan Planning Organization, better known as CAMPO, last night approved its MoPac Improvement Project.
The project will put a managed toll lane in each direction on MoPac, from Cesar Chavez to Parmer Lane. Toll pricing would be adjusted based upon MoPac's level of congestion at the time of use. The hope is to make traffic on the entire freeway move faster.
The $200 million project was put together by the Central Texas Regional Mobility Authority and is being paid for by state and federal funding. The agreement between the mobility authority and CAMPO also creates an infrastructure fund. Basically, $230 million in money collected from tolls on MoPac over the first 25 years of its operation will be used to pay for other transportation projects in the area.