Board meetings, strategic plans, and buyer signals from Julie Carmean’s organization
Aug 19, 2026·BoardMeeting
Board
Transportation Modernization Board Board Meeting
The board meeting focused on the competitive procurement process for the I-24 Southeast Corridor choice lanes project. The board received updates on the Transportation Modernization Act, which facilitated new infrastructure funding and delivery models. A major focus was the review and selection of a best-value proposal for a 50-year public-private partnership to design, build, finance, operate, and maintain the corridor. The board evaluated multiple proposals, ultimately identifying the 'Drive TN' proposal as the best value due to its technical solutions, financial backing, and commitment to project enhancements, including connectivity improvements and reduced community impacts. Additionally, the meeting included discussion on the formation of the Tennessee Strategic Transportation Accountability Council to provide oversight for the project's financial outcomes.
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The board received a comprehensive update from TDOT on the I-24 Southeast Choice Lanes Project, covering procurement milestones, environmental and design progress, and financial creditworthiness reviews. Key action items approved during the meeting included the establishment of vehicle restrictions for user fee facilities, the adoption of a methodology for setting variable user fees for the I-24 project, and the authorization for further development of the Memphis/West Tennessee Smart Freight Corridor.
The board discussed the I-24 Southeast Choice Lanes Project, including updates on NEPA concurrence, project procurement, stakeholder engagement, financial plans, and construction impact mitigation. Additionally, the board approved procedures for managing unpaid user fees, detailing collection schedules and penalties, as well as a framework for designating habitual violators subject to registration suspension.
The board meeting focused on the adoption of bylaws and received a comprehensive update from the Tennessee Department of Transportation regarding corridor identification activities, the 10-Year Plan, and the Choice Lanes initiative. Key discussion centered on potential corridors for Choice Lanes and the technical, financial, and stakeholder engagement strategies involved. The board officially approved the further development of the I-24 Southeast Choice Lanes project and its inclusion in the 3-Year Plan.
Extracted from official board minutes, strategic plans, and video transcripts.
