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Firm Advises Cintra in First Privatization of Toll Road in Texas
Excerpt:
DALLAS (March 1, 2007) Bracewell & Giuliani LLP advised Cintra Concesiones de Infraestructuras de Transporte, S.A., a Spanish transportation company, in its successful bid to develop State Highway 121 into a toll road through Collin and Denton�counties. The award to Cintra, approved by the Texas Transportation Commission, is the first privatization of a Texas toll road.
Bracewell is acting as project counsel to Cintra with respect to the 50-year concession from the Texas Department of Transportation. Cintra will pay a $2.1 billion upfront and annual lease payments totaling $700 million.
What do you think about NTTA’s bid on SH 121?