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 Phillip
Edward Russell, P.E., is the director of the
Texas
Turnpike Authority Division of the Texas Department of Transportation
(TxDOT). As division director since 1998, he is currently developing two
high-priority elements of the Trans-Texas Corridor. For Russell, this involves
overseeing the environmental studies, financing options, contracting agreements
and public-private partnerships.
Under his direction, the division is also responsible for expanding the state
highway system through the development of toll roads, working with districts and
local officials on the formation of regional mobility authorities and state toll
projects, and overseeing the preparation of all comprehensive development
agreements for TxDOT. Accomplishments include:
- The State’s first public-private partnership – Cintra-Zachry as
strategic partner for Trans-Texas Corridor 35
- The State’s first concession agreement – $1.3 billion SH 130 (segments 5
and 6)
- Financing and developing of 122-mile Central Texas Turnpike Project –
the largest highway construction project in the nation ($1.369 billion)
- Developing a financial package for the Central Texas Turnpike Project,
which included the largest TIFIA loan and largest bond issuance for new
turnpikes – $2.2 billion
In addition to holding a license as a professional engineer, Russell is
also a lawyer. |
