Cintra signs contract for Trans-Texas Corridor; investment of 1.3 bln usd UPDATE

Forbes ^ | June 30, 2006 | AFX News Limited

[Tolerance Sucks Rocks]

UPDATE with environment report, financing details, tariffs structure

MADRID (AFX) - A consortium led by Cintra Concesiones Infraestructuras SA said it has signed its first contract to build a section of the Trans-Texas Corridor toll road project in the US and will invest 1.3 bln usd.

In a statement, Cintra said the 50-year concession is to design, construct and operate segments 5 and 6 of the SH 130 motorway between Austin and Seguin.

The consortium is 65 pct controlled by Cintra and 35 pct by local constructor Zachry.

Cintra announced the contract in Dec 2004, and said it expected to develop 6 bln usd of motorway projects over the next five years as part of the project.

The final approval of the contract is subject to environmental approval which may come within 6-8 months, Cintra said.

Financing for the project is yet to be finalized though the constructor is expecting to pay with 20-30 pct of its own funds and 70-80 pct debt.

Cintra added that the tariff scheme for the motorway will be 0.125 usd/mile for light vehicles and 0.50 usd/mile for heavy vehicles in 2006, and will be increased in-line with Texas' GDP per capita each year.

[Tolerance Sucks Rocks]

Cintra signs contract for Trans-Texas toll road, to invest 1.3 bln usd (earlier article)

State reaches $1.3 billion deal to finish toll road

Texas 130 toll road to get private boost

State Reaches Deal To Finish Toll Road

[Tolerance Sucks Rocks]

Trans-Texas Corridor PING!

From the mysanantonio.com article (San Antonio Express-News):

Cintra-Zachry signed a contract last year to develop plans for the Trans Texas Corridor route paralleling I-35, and concession agreements from that are expected to follow.

Texas 130 could fold into the corridor, but that decision is at least a couple of years away.

[deport]

Get 'R Done

Arch contracts the first concession of a freeway of toll in the project Trans-Texas Corridor, in the United States

29/06/2006 - The project represents an approximated investment of 1,300 million USD in its phase of construction and the term of concession will extend during 50 years

Segments 5 and 6 of freeway SH130, with a length of 40 miles (64 km), are an alternative to the IH35, highly congested, between San Antonio and the north of Austin

Coherent operation with strategy of Arch: yield, concession long play, majority participation and important investment in the developed economy more of the world

Arch continues its collaboration as strategic partner during fifty years for the design and planning of 1,300 km of Trans-Texas Corridor

With this project, Arch would participate in the management of 23 freeways of toll (3 in process of definitive awarding) in Europe, North America and Chile; in addition, it leads the national market of parkings with the management of more than 240,000 seats

Madrid, 29 of June of 2006. Arch, concessionary company of toll freeways and parkings, first concession in the project Trans-Texas Corridor has been able to materialize his, when reaching an agreement after the design, construction and operation of Segments 5 and 6 (64 km in length) of the freeway of toll SH130 (The State Highway 130) between the localities of Austin and Seguin. The investment anticipated in the phase of construction is approximately of 1,300 million USD (approx 1,080 million euros) and the term of concession will extend during 50 years from the conclusion of construction sites, considered in 5 years.

Arch, with a 65% leads the partnership that will develop the project, next to second greater local constructor Zachry (35%). The beginning of the construction is predicted for 2007 principles after the fulfillment of diverse proceedings, in individual the obtaining of environmental permissions at the moment in transaction. The construction sites of the freeway will be made to 50% by Ferrovial Agromán (filial constructor of Ferrovial) and Zachry.

The new freeway will represent an alternative the IH35 (Interstate Highway 35) between San Antonio and the north of Austin and will allow to encircle highly congested central zone of Austin to the means trips and long-haul. The new one via of high capacity will absorb the increases of traffic of long-haul of predicted heavy vehicles, as a result of the development in the commercial agreements between the Central American United States, Mexico and countries.

The operation is coherent with the strategic targets of Arch for the expansion of its business: one is an investment of significant amount, in the developed economy more of the world, in a long term concession (50 years) and showing a participation of control in the concessionary society.

The TIR considered for the shareholder is of approximately 12%. In addition, the freeway counts on an attractive tarifario scheme. The tariffs have paid attention to $0,125 by mile for light vehicles and $0.50 by mile for the heavy ones (year 2006) and will be updated according to the growth of Producto Interior Bruto (PIB) nominal per capita of the State of Texas.

It is present at in the United States: Texas, Chicago and Indiana
In March of 2005, a partnership led by Arch (85%) and Zachry (15%) signed with the State of Texas the contract for the development, during next the fifty years, of project TTC-35 High Priority Trans Texas Corridor. Of this form, both companies became partners strategic of the Department of Transport of the State of Texas (TxDOT) to design and to plan the development of the greater infrastructure plan promoted in the United States, with an investment of between 29,000 million USD and 36,700 million USD.

In its initial supply to the TxDOT, Arch proposed in addition the direct development to five projects (toll freeways), by an approximated value of 6,000 million USD. Under the terms of the contract, one of these five projects only with the previous agreement between the partnership and TxDOT will be able to be negotiated each. Segments 5 and 6 of the SH130 become the first project thus.

In the United States also, Arch leads the partnership that manages from January of 2005 and by a period of 99 years the Freeway Chicago Skyway (1,830 million USD) and today same the transference of Indiana Toll Road has taken place (3,800 million USD), that Arch will manage with a period of concession of 75 years.

Arch, one of the main deprived infrastructure promoters of transport in the world
Arch, concessionary branch of Ferrovial, is one of the main deprived infrastructure promoters of transport in the world, with an investment it jeopardize in the capital of the concessionaires superior to the 2,000 million euros. Arch operates more than 2,000 kilometers of freeways with a total managed investment superior to 15,000 million euros.

With this project, Arch would happen to participate in concessionary societies that manage a total of 23 freeways in Spain (9), Ireland (2), Italy (1), Greece (1), Portugal (2), Chile (4), Canada (1) and the United States (3). At the present time, three of their projects of concession (Italy, Greece and a freeway in Ireland) are in process of definitive awarding.

In the area of parkings, Arch leads the national market with the management of more than 240,000 seats.

---

Arch initiates the operation of the Freeway of Indiana (the U.S.A.), that will manage during 75 years

[Dallas59]

Didn't they start this thing 50 years ago( or try) with the Pan American Freeway?

[Dallas59]

[ckilmer]

please God kill this deal. every man jack invested in this plan participates in the heartless murder of the USA, the last best hope of humanity.

the men who plan and build this highway to hell must be stopped cold.

[COEXERJ145]

You should stop reading that nutcase Corsi.

Then you might not appeared to be totally uninformed.

[Diddle E. Squat]

please God kill this deal. every man jack invested in this plan participates in the heartless murder of the USA, the last best hope of humanity. the men who plan and build this highway to hell must be stopped cold.

What kind of drugs are you taking? Slap yourself and get a grip.

This is about the TX130 road, which was planned before the Trans-Texas corridor. It simply will let people going to San Antonio, Corpus, and Mexico bypass Austin to the east and then get on I-10 at Seguin to come into San Antonio. The Trans-Texas Corridor will probably simply use this road, but nothing has been decided yet and it is an independent project.

[BnBlFlag]

And the people of Texas has no say whatsoever to this travesty. I also don't recall any authorization by the Legislature.
"Hate Crimes" Perry can forget my vote.

[Dog Gone]

A pavement running to our border.

To hear the likes of you and your friends, this is the end of America.

It might shock you to learn that we have had pavement running to the border for a very long time. Ever since pavement was invented, in fact.

This is just a new piece of pavement, bigger than most, but designed to meet future needs. Its construction will not require you to speak spanish or Canadian, eh?, and doesn't merge Canada and Mexico into our country.

"Highway to hell." How much more hysterical can you get?

Don't renew your membership in whatever organization is fueling your paranoid fantasies.

[nicko]

he's thinking of AC/DC's Highway to Hell...see Amazon.Com

http://www.amazon.com/gp/product/B000002JS8/002-9240715-0279208?v=glance&n=5174

[deport]

please God kill this deal. every man jack invested in this plan participates in the heartless murder of the USA, the last best hope of humanity.

the men who plan and build this highway to hell must be stopped cold.

---

What in the hell do you have against Texas building a road from Seguin on I-10 east of San Antonio and I-35 north to I-35 above Austin?... That's what this project is. Obviously you've never been in the traffic congestion this section of the state has.

[deport]

I also don't recall any authorization by the Legislature.

---

Maybe you should check out the 77th Legislative actions... check on Regional Mobility Authorities, Texas Mobility Fund, Central Texas Turnpike System and I think I remember a Constitutional amendment some years back prior to the legislature being able to act.

[BJClinton]

please God kill this deal. every man jack invested in this plan participates in the heartless murder of the USA, the last best hope of humanity.

the men who plan and build this highway to hell must be stopped cold.

[Tolerance Sucks Rocks]

That rhetoric's a bit hyperbolic, isn't it?

[Tolerance Sucks Rocks]

Too bad Texas 45 SE won't be done for awhile. An envirowhacko lawsuit is holding it up.

[Tolerance Sucks Rocks]

Did you use Babelfish on that? That reminds me of this poorly written English version of a German magazine article about FreeRepublic poll freeping, in which I read such phrases as "going partly violently to the thing", "completely concretely", and "tilting the tuning." There were some other howlers in there as well.

[deport]

Did you use Babelfish on that?

---

No I used their option of translation or maybe it was google's. Their web site is in Spanish and one of the options from a google search is for an English translation of Cintra's web site.

[Dog Gone]

LOL!

[hershey]

Here it comes, like it or not. Bigger than Boston's Big Dig, and just think how it will ease the pesky problem of sneaking into the US! But this means we'll have to fix Mexico's educational system since so many illegals are unskilled and illiterate. (No sarcastic remarks about the US school system, please.) And we'll have to fix their roads, too. This is already being bandied about on TV.