Ferrovial wins Texas toll-road contract
05 March 2013
Spanish contractor Ferrovial, through a consortium led by its subsidiary Cintra Infraestructuras, is to design, build, finance and operate a new segment extending the North Tarrant Express in Texas by 10.1 miles (16.3 km). Total investment is € 1.05 billion (US$ 1.38 billion). The concession will run for 43 years from the date the road opens to traffic, expected in mid-2018.
Cintra will be responsible for the development of the 6.5-mile (10.5 km) segment 3A, which runs along the I-35W from Fort Worth to IH-280, including the interchange between the I-35W and the IH-820. Ferrovial Agroman and Webber will carry on the development, operation and maintenance. The Texas Department of Transportation will build the 3.6-mile (5.8 km) segment 3B and Cintra will be responsible for its operation, maintenance and tolling.
The Cintra-led consortium will upgrade the existing lanes, which will be toll-free, and build two additional managed lanes each way, which will use electronic tolling; the consortium will also handle operation and maintenance of the entire roadway.
The Cintra-led consortium, NTE Mobility Partners Segments 3 LLC, also involves Meridiam Infrastructure and Dallas Police and Fire Pension System.
With this project, the fourth in Texas to be headed by Cintra, the company's managed investment in the state amounts to over US$ 7.4 billion dollars (€ 5.7 billion).