About Us

Our Purpose

The Grand Parkway Transportation Corporation is a public, nonprofit corporation created on April 3, 2013, 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
Brian Ragland President Aug. 31, 2021 Chief Financial Officer, TxDOT
Richard McMonagle Vice President Aug. 31, 2021 Chief Administrative Officer, TxDOT
Lauren Garduño Board Member Aug. 31, 2021 Project Planning and Development Director, TxDOT
Benjamin Asher Secretary/
Treasurer
N/A Project Finance, Debt and Strategic Contracts Director, TxDOT

Board Meetings

Date Agenda
Nov. 14, 2017
Aug. 24, 2017
June 29, 2017
Feb. 23, 2017
2016
Date Agenda
Nov. 17, 2016
Oct. 25, 2016
Aug. 17, 2016
June 30, 2016
May 13, 2016
Feb. 29, 2016
Jan. 28, 2016
2015
Date Agenda
Dec. 10, 2015
Nov. 16, 2015
Aug. 18, 2015
June 26, 2015
June 22, 2015
March 9, 2015
2014
Date Agenda
Nov. 24, 2014
Aug. 18, 2014
May 28, 2014
March 28, 2014
Jan. 10, 2014
2013
Date Agenda
Dec. 13, 2013
Nov. 20, 2013
Oct. 29, 2013
Sept. 24, 2013
July 26, 2013
May 17, 2013
April 5, 2013
Jan. 18, 2013
2012
Date Agenda
Dec. 21, 2012
Sept. 17, 2012
July 10, 2012
June 11, 2012
May 10, 2012

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