DALLAS -- Results of feasibility studies for the proposed $1.6 billion Oklahoma toll road project could be presented to the Oklahoma Turnpike Authority board in the near future.
"It is possible," said Terry Young, the authority's executive director. "We will have to see what the committee meetings produce."
The authority's maintenance and construction committee was scheduled to discuss the new turnpikes and rehabilitation projects yesterday, and the finance committee was scheduled to meet at 8 a.m. central standard time today.
The full Oklahoma Turnpike Authority board meeting was set for 10 a.m. today, but presentation of the studies was not on the final agenda.
The feasibility studies are considered key to determining the size of the size and scope of the project.
"We have been waiting for some time for the numbers to be produced on the projects," Young said.
Wilbur Smith & Associates is preparing traffic and revenue figures, and HNTB Engineers is providing the consulting engineer study. Evensen Dodge Inc., the authority's financial adviser, was looking at the project's financial feasibility.
Reports already have surfaced that engineers are estimating the total project cost could come close to $1.9 billion, instead of the $1.6 billion initially proposed.