Turnpike Authority approves $200 million line of credit to start ACCESS Oklahoma

The Oklahoman By Steve Lackmeyer April 27, 2022 The Oklahoma Turnpike Authority on Tuesday approved taking out a $200 million line of credit with Wells Fargo to pay for engineering, expansion or construction of toll roads in advance of a $5 billion statewide expansion.

The Turnpike Authority, meanwhile, is awaiting approval of the $5 billion bond issue required for the proposed 15-year ACCESS Oklahoma program. The Council of Bond Oversight, consisting of the state treasurer and members appointed by the governor, house speaker and senate president pro temp, has twice postponed reviews of the $5 billion request since the expansion was announced in February. The bond hearing is now set for 10 a.m. May 4 in Room 100 at the Oklahoma Capitol.

ACCESS Oklahoma, supported by Gov. Kevin Stitt, includes new turnpikes in south Oklahoma City, Moore and elsewhere, expansions of the Kilpatrick, Turner and Will Rogers turnpikes, more interchanges and other improvements along the state’s toll road system.

View the full article: Oklahoman.com

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