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| Cintra-led consortium to build State Highway 121 in Texas  The consortium headed by Cintra (85%), the toll road and car park specialist, with a fund advised by JPMorgan Asset Management has been selected by the Texas Department of Transportation (TxDOT) as Apparent Best Value Proposal for the construction and operation of State Highway 121 (SH-121). The objective of this project is the design, finance, build, operate and maintain this 41-km. all-electronic barrier-free toll road which runs through Collin and Denton counties, north of Dallas. The road, which is subdivided into five segments, will connect I-35 with US-75. Of the 41.6 km. of road, 15.8 km. are new construction, 11.2 km. are already operational, and 14.6 km. will be constructed by the State.The estimated investment is of 3.463 billion dollars. The term of grant will be 50 years from entry in terms of service. TxDOT's recommendation must be ratified by the Texas Transportation Commission. Cintra, a subsidiary of Grupo Ferrovial specialised in toll roads and car parks, is one of the world's leading private-sector developers of transport infrastructure, with over 14 billion euro in managed investments. With this new project, Cintra has a stake in a total of 20 toll road concessions in Spain (7), Ireland (1), Greece (1), Portugal (2), Chile (5), Canada (1) and the USA (3). write your comments about the article :: © 2007 Construction News :: home page |