Surety Bonds

Expansion: U.S. Highway 183



Central Texas has been on a rapid growth spurt and highway expansion is catching up. In a joint venture, two firms have been awarded $477 million for the design and construction of the “183 North Mobility Project”—a highway expansion on the northwest side of Austin.

Joint Venture Keeps Everyone Moving

Under the direction of the Central Texas Regional Mobility Authority, groundbreaking on the highway expansion is anticipated this year, with drivers slated to use the new lanes by 2026. The winners of the award are Georgia’s Archer Western Construction and Arizona’s Sundt Construction. The companies will be operating a joint venture: Great Hills Constructors. The project will result in a nine mile stretch of U.S. Highway 183 having four lanes in each direction. Growth in the area, including the importance of linking the talent pool of northwest Austin to employers contributes to the region’s need to prioritize transportation infrastructure. As Austin Business Journal reports:

It’s another sign of the rapid growth Central Texas is experiencing — other major transportation infrastructure news recently includes the opening of CTRMA’s 183 South overhaul, which reaches the airport, and the first moves forward on the $7.1 billion Project Connect public transit plan.

Reducing congestion on U.S. 183 would help commuters from communities on the northwest side of the metro…. The stretch of highway is a vital transportation artery, bisecting much of North Austin and reaching offices for companies such as Visa, Apple and Flex. It also provides access to The Domain and the new Q2 Stadium.

“The expansion of Highway 183 will bring added benefits to the traveling public, increasing mobility, reducing congestion and offering users additional connections,” stated David Casey, president of Archer Western’s transportation group.

It’s a time honored truth that one project, carefully planned, can accomplish a lot, right? Here’s another truth: we often accomplish more through partnering then on our own. Are you ready to partner—and win? Colonial Surety is here to help. We’ve taken the pain out of the old fashioned bonding process, making it easier—and more confidential than ever—for contractors to obtain, manage and monitor needed bid, performance and payment bonds. Contractors who complete a brief (we promise!) pre-qualification for Colonial’s surety line of credit even receive, for free, Dun & Bradstreet scores.

Pre-qualify and Receive Free Scores Here!

Once approved for The Partnership Account® with Colonial, you’ll:

• Use your private Owner’s Dashboard® for a personal window into your underwriting profile. Review the statistical analysis of your financial statements and free Dun and Bradstreet scores, profitability, and more.

• Access a powerful online surety management system to issue bid bonds, order performance, and payment bonds, update work in progress, check your current and aggregate limits, view open and closed bid and performance bonds, and more.

• Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.

• Protect the confidentiality of your bids—after all, no one’s in the middle when you do it yourself, right?

Get moving today: The Partnership Account®

Shared Connections?

In the Austin area, population growth means everyone’s looking for new ways to get around and connect:

The 183 North Mobility Project connects Travis County with Williamson County, where lots of new home construction can be found. Williamson County’s population grew almost 40% between 2010 and 2019….Archer Western and Sundt Western are also expected to widen 21 bridges, construct retaining walls and establish new shared-path connections and sidewalks for bicycles and pedestrians.

Speedier and greener connections for people (and freight) are sounding like a mantra around the country. Increasingly, funding partnerships are getting the building going. Billions are going to modernize airports and even ports are getting long needed attention. What about you? Stuck? Let’s get you moving with The Partnership Account® from Colonial Surety Company. Then, you can go after lots more new projects with speed and confidence — knowing your bidding and financial information is secure.

Get Moving with The Partnership Account®
Colonial is built on reliability, affordability and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!