About Us

Our Purpose

The Grand Parkway Transportation Corporation is a public, nonprofit corporation created on April 3, 2012, under Subchapters A-C of Chapter 431, Texas Transportation Code. The Texas Transportation Commission authorized the creation of the Corporation on March 29, 2012, to act on behalf of the Commission to lead the effort to finance, build and operate certain segments of the Grand Parkway. The Corporation has established the Grand Parkway System, which initially includes the portion of Segment D in Harris County and Segments E, F-1, F-2 and G.

Financing

The Corporation issued bonds to finance delivery of the Grand Parkway System and to fund certain predevelopment costs of other segments of the Grand Parkway. Certain bonds are supported by a toll equity loan agreement with the Texas Department of Transportation. The bonds are not obligations of the Commission. Learn more.

Corporation Officials

The Grand Parkway Transportation Corporation has a three member board of directors, each of whom are employees of the Texas Department of Transportation.

Name Title Term Expires Occupation
Stephen Stewart, CPA President Aug. 31, 2027 Chief Financial Officer, TxDOT
Richard McMonagle Vice President Aug. 31, 2027 Chief Administrative Officer, TxDOT
Brian Barth Board Member Aug. 31, 2027 Deputy Executive Director for Program Delivery, TXDOT
Benjamin Asher Secretary/
Treasurer
N/A Project Finance, Debt and Strategic Contracts Director, TxDOT

Board Meetings

Date Agenda
Aug. 16, 2021 Board Meeting Agenda - Aug. 16, 2021 PDF
July 21, 2021 Board Meeting Agenda - July 21, 2021 PDF
Feb. 26, 2021 Board Meeting Agenda - Feb. 26, 2021 PDF
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Aug. 25, 2020 Board Meeting Agenda - Aug. 25, 2020 PDF
Feb. 20, 2020 Board Meeting Agenda - Feb. 20, 2020 PDF
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Date Agenda
Dec. 19, 2019 Board Meeting Agenda - Dec. 19, 2019 PDF
Oct. 4, 2019 Board Meeting Agenda - Oct. 4, 2019 PDF
Aug. 15, 2019 Board Meeting Agenda - Aug. 15, 2019 PDF
May 20, 2019 Board Meeting Agenda - May 20, 2019 PDF
Feb. 22, 2019 Board Meeting Agenda - Feb. 22, 2019 PDF
Jan. 22, 2019 Board Meeting Agenda - Jan. 22, 2019 PDF
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Date Agenda
Aug. 21, 2018 Board Meeting Agenda - Aug. 21, 2018 PDF
April 2, 2018 Board Meeting Agenda - April 2, 2018 PDF
Feb. 23, 2018 Board Meeting Agenda - Feb. 23, 2018 PDF
Jan. 23, 2018 Board Meeting Agenda - Jan. 23, 2018 PDF
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Date Agenda
Nov. 14, 2017 Board Meeting Agenda - Nov. 14, 2017 PDF
Aug. 24, 2017 Board Meeting Agenda - Aug. 24, 2017 PDF
June 29, 2017 Board Meeting Agenda - June 29, 2017 PDF
Feb. 23, 2017 Board Meeting Agenda - Feb. 23, 2017 PDF
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Date Agenda
Nov. 17, 2016 Board Meeting Agenda - Nov. 17, 2016 PDF
Oct. 25, 2016 Board Meeting Agenda - Oct. 25, 2016 PDF
Aug. 17, 2016 Board Meeting Agenda - Aug. 17, 2016 PDF
June 30, 2016 Board Meeting Agenda - June 30, 2016 PDF
May 13, 2016 Board Meeting Agenda - May 13, 2016 PDF
Feb. 29, 2016 Board Meeting Agenda - Feb. 29, 2016 PDF
Jan. 28, 2016 Board Meeting Agenda - Jan. 28, 2016 PDF
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Date Agenda
Dec. 10, 2015 Board Meeting Agenda - Dec. 10, 2015 PDF
Nov. 16, 2015 Board Meeting Agenda - Nov. 16, 2015 PDF
Aug. 18, 2015 Board Meeting Agenda - Aug. 18, 2015 PDF
June 26, 2015 Board Meeting Agenda - June 26, 2015 PDF
June 22, 2015 Board Meeting Agenda - June 22, 2015 PDF
March 9, 2015 Board Meeting Agenda - March 9, 2015 PDF
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Date Agenda
Nov. 24, 2014 Board Meeting Agenda - Nov. 24, 2014 PDF
Aug. 18, 2014 Board Meeting Agenda - Aug. 18, 2014 PDF
May 28, 2014 Board Meeting Agenda - May 28, 2014 PDF
March 28, 2014 Board Meeting Agenda - March 28, 2014 PDF
Jan. 10, 2014 Board Meeting Agenda - Jan. 10, 2014 PDF
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Date Agenda
Dec. 13, 2013 Board Meeting Agenda - Dec. 13, 2013 PDF
Nov. 20, 2013 Board Meeting Agenda - Nov. 20, 2013 PDF
Oct. 29, 2013 Board Meeting Agenda - Oct. 29, 2013 PDF
Sept. 24, 2013 Board Meeting Agenda - Sept. 24, 2013 PDF
July 26, 2013 Board Meeting Agenda - July 26, 2013 PDF
May 17, 2013 Board Meeting Agenda - May 17, 2013 PDF
April 5, 2013 Board Meeting Agenda - April 5, 2013 PDF
Jan. 18, 2013 Board Meeting Agenda - Jan. 18, 2013 PDF
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Date Agenda
Dec. 21, 2012 Board Meeting Agenda - Dec. 21, 2012 PDF
Sept. 17, 2012 Board Meeting Agenda - Sept. 17, 2012 PDF
July 10, 2012 Board Meeting Agenda - July 10, 2012 PDF
June 11, 2012 Board Meeting Agenda - June 11, 2012 PDF
May 10, 2012 Board Meeting Agenda - May 10, 2012 PDF

Market Valuation Waiver Agreement

In 2009, TxDOT and the seven counties (Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty and Montgomery) traversed by the Grand Parkway Project signed a Market Valuation Waiver Agreement (MVWA) to agree on certain policies and principles for the development of the 184-mile toll project. The MVWA describes the minimum scope and ultimate scope of the Grand Parkway Project and phased construction of a number of direct connectors. Frontage roads are limited to specified intermittent distances to prevent adverse effects on toll revenues. In addition, the MVWA sets out principles of governance for all segments of the Grand Parkway Project, including: (1) baseline toll rates and annual toll escalation policy that are based on average per mile toll rates of the Harris County Toll Road Authority in effect in 2009; (2) a prohibition on the use of toll revenues outside the Grand Parkway Project until the ultimate scope has been constructed and placed in service; and (3) limits on competing roads that impact tolled traffic on the corridor project.

Additional Information