Updated:
Nevada Department of Transportation
Nevada Department of Transportation (NDOT) oversees $1.5B+ annual highway infrastructure spend across Nevada. Tracy Larkin Thomason appointed director.
Nevada Department of Transportation
The Nevada Department of Transportation (NDOT) traces its founding to 1917, when the state legislature established a highway department to coordinate road construction. Tracy Larkin Thomason was appointed Director in 2021, after serving as Deputy Director since 2019, overseeing the agency's capital program (per the firm's official communications). NDOT is funded primarily through state fuel taxes, federal highway grants, and vehicle registration fees, placing $1.5B to $2B annually into road and bridge projects across Nevada's 17 counties. NDOT's investment posture is entirely infrastructure-focused: highway capacity expansion, bridge rehabilitation, pavement preservation, traffic management systems, and safety improvements. Notable recent projects include the Interstate 11 corridor development linking Las Vegas to Reno — a multi-decade, multibillion-dollar program (per the Las Vegas Review-Journal, 2023). The department also manages state-owned weight stations, rest areas, and the Nevada Roadside Safety Program. Geographically, its work spans the entire state, prioritizing the I-15 corridor through southern Nevada and US-95/US-395 corridors in the north. The department employs roughly 3,100 full-time staff across four regional offices. Recent operational milestones include the October 2024 launch of a $300M pavement-preservation program covering 250 lane-miles across Clark County (per the firm's 2024 news release). NDOT also operates the Nevada Highway Safety Program and the state's Intelligent Transportation Systems initiative, which deploys real-time traffic sensors and variable message signs. The agency has no philanthropic or adjacent investment vehicles — it is a pure-execution state agency. NDOT's structural differentiator is its role as both planner and contractor — it designs projects in-house, manages environmental reviews, acquires right-of-way, and supervises construction, unlike some states that outsource these functions to private engineering firms. This vertical integration gives the department direct control over cost and schedule, but also exposes it to political budget cycles and federal funding volatility.
General information
Firm type
Government Agency
Year founded
1917
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Carson City
Corporate office
Carson City, NV, United States
Additional offices
Las Vegas, NV · Reno, NV · Elko, NV
Principals
Tracy Larkin Thomason
Director
Sector focus
Frequently asked questions
Who oversees investment decisions at NDOT?
Tracy Larkin Thomason serves as Director, appointed in 2021 after serving as Deputy Director. She oversees capital planning and project selection, reporting to the Nevada Transportation Board (per the firm's official communications). The board, composed of seven gubernatorial appointees, approves major contracts and the state transportation improvement program.
How is NDOT funded?
NDOT's funding mix includes state fuel taxes — approximately 33 cents per gallon — federal highway trust fund allocations through the Infrastructure Investment and Jobs Act, and vehicle registration fees. For fiscal year 2024, the department reported approximately $1.6B in total revenue sources (per NDOT's annual financial report).
What types of infrastructure does NDOT invest in?
The department focuses on highway capacity expansion, bridge replacement and rehabilitation, pavement preservation, traffic management systems, and safety improvements. It does not fund rail, transit, or aviation — those fall under separate Nevada state entities.
Does NDOT operate like a private investment firm?
No. NDOT is a state government agency executing legislatively appropriated capital programs. It does not make discretionary allocations across asset classes or generate returns. Its "portfolio" is the state's highway system — it allocates public funds toward maintenance, expansion, and safety.
What is the I-11 corridor project?
The I-11 corridor is a planned interstate highway connecting Las Vegas to Reno, projected to cost over $10B and take decades to complete. NDOT leads environmental reviews and preliminary design for segments, with construction phased through the 2030s (per the Las Vegas Review-Journal, 2023).
Does NDOT use private-sector partners?
Yes — NDOT awards design-build and construction contracts to private engineering and construction firms through competitive bids. Key recent contractors include Kiewit Corporation and Granite Construction on major projects (per NDOT's contracting records). However, the department retains in-house design and project-management staff.
What is NDOT's total annual spending on infrastructure?
For fiscal year 2024, NDOT reported total capital outlays of approximately $1.5B across its statewide program (per the state's capital improvement plan). Operating expenses add roughly $400M annually for maintenance, administration, and snow removal.
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