The Texas Department of Transportation announced the Highway 290 redesign this morning at Austin City Hall. The 2010 Mobility Bond Program project, slated to finish by 2012, is expected to cut evening and morning congestion in half.

The changes include adding dual turning lanes, altering traffic signal times and installing median U-turns. For more information on the project, click here.

The city of Austin will pitch in about $4 million for the project, while Travis County will pay about $1.5 million. TxDOT and the Central Texas Regional Mobility Authority will provide about $87,000.