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Cintra signs contract for Trans-Texas Corridor; investment of 1.3 bln usd UPDATE
Forbes ^ | June 30, 2006 | AFX News Limited

Posted on 07/02/2006 1:22:43 PM PDT by 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.


TOPICS: Business/Economy; Government; News/Current Events; US: Texas
KEYWORDS: americanmade; blackhelicopters; buildaburgers; bushbot; bushsfault; canusmellrockiscook; cintra; ckilmer; coexerj145; cuespookymusic; newworldgovtisgood; nwoindahouse; ouijaboard; roveisagenius; sh130; sinkspursroad; texas; texas130; transtexascorridor; trilaterals; ttc; ttc35; tx; txdot; usmexicocanada; waaawaaa; whineallthetimechoir
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To: Calpernia
It'll probably be EZ-PASS and nothing whatsoever will be "stored in Spain".

Please get a grip.

101 posted on 07/02/2006 8:33:11 PM PDT by nopardons
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To: nopardons

I think some people are just happy being miserable...to the point where they even have to manufacture more misery for themselves...then are miserable again because rationale people are laughing at them...which makes them more happy...which.....It's just a freaking toll road!


102 posted on 07/02/2006 8:34:37 PM PDT by CWOJackson
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To: nopardons

EZ Pass is no long run by MCI anyway. This was years ago.

Glad you never had a problem.


103 posted on 07/02/2006 8:35:24 PM PDT by Calpernia (Breederville.com)
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To: Calpernia

And NO car will "get chipped" ( whatever the bloody hell you mean by that !), without the owner of said car applying and PAYING FOR the little EZ-PASS thingy you attack to the windshield. When you pay for it, EVERYTHING is explained in a whole lot of accompanying bumph.


104 posted on 07/02/2006 8:35:32 PM PDT by nopardons
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To: texastoo

Excellent!


105 posted on 07/02/2006 8:37:13 PM PDT by dennisw (Confucius say man who go through turnstile sideways going to Bangkok.)
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To: TEX06

I'm glad you realize that fictional characters do not build highways. I'm not sure what that adds to the conversation, though.

Up until now we've paid for our highways with taxes. Everyone pays the taxes, and everyone is allowed to use the highways. Implementing toll roads is a pernicious, eternal, regressive tax.


106 posted on 07/02/2006 8:37:43 PM PDT by rimtop56
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To: Calpernia

You suggested that your personal data is somehow less secure if it is stored on a server in Spain rather than the U.S. The fact of the matter is, any hacker can get to it anywhere . . . making having someone doing the job with experience in these matters that much more important. Cintra is not a corporation headquartered in a garage.


107 posted on 07/02/2006 8:37:53 PM PDT by 1rudeboy
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To: dennisw

Can't have that . . . those furriners talk funny. And they smell different.


108 posted on 07/02/2006 8:39:55 PM PDT by 1rudeboy
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To: rimtop56

A new definition of regressive! What will you think of next?


109 posted on 07/02/2006 8:41:03 PM PDT by 1rudeboy
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To: BnBlFlag

Look in that third box on your voter registration card where it says "LEG". There will be a number there. If that is too complicated, follow this:
http://www.capitol.state.tx.us/fyi/fyi.htm


110 posted on 07/02/2006 8:41:18 PM PDT by ARealMothersSonForever (Political troglodyte with a partisan axe to grind)
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To: CWOJackson
I keep saying that I have to buy some stock in Reynold's Wrap and I REALLY think I should do.

This idiocy used to get pulled from FR, but now, for some inexplicable reason, it is allowed to stay and stay and stay. The black helicopter crowd is either growing, or the shyer ones have become bolder. No matter, it all just boils down to the fact that some people are not satisfied with the things we really should be afraid of, but have to look for more arcane, "hidden" factors to fear and so, will latch onto any bizarre thing to come down the pike.

They and these posts are all beginning to sound like discards from "DR. STRANGELOVE"! LOL

111 posted on 07/02/2006 8:42:29 PM PDT by nopardons
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To: nopardons

No, Genesis has nothing to do with EZ Pass.

Home head quarters always have databases for their records.

Home head quarters is in Spain.


112 posted on 07/02/2006 8:44:01 PM PDT by Calpernia (Breederville.com)
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To: Calpernia
Oh, so you are now trying to makes people fearful over something that perhaps once was a problem, but obviously hasn't been for at least 15 years?

Good grief!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

113 posted on 07/02/2006 8:44:06 PM PDT by nopardons
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To: nopardons

EZ Pass is a different company that is contracted with our local governments.


114 posted on 07/02/2006 8:44:59 PM PDT by Calpernia (Breederville.com)
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To: 1rudeboy

>>>>You suggested that your personal data is somehow less secure if it is stored on a server in Spain rather than the U.S.

Yes.


115 posted on 07/02/2006 8:45:49 PM PDT by Calpernia (Breederville.com)
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To: nopardons

Maybe Cintra is 15 years behind on the technology curve. If so, it makes the fact Cintra landed this contract that much more impressive. :)


116 posted on 07/02/2006 8:46:03 PM PDT by 1rudeboy
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To: Calpernia

And they won't run nor even have control over EZ-PASS, which is most probably what WILL be used.


117 posted on 07/02/2006 8:46:13 PM PDT by nopardons
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To: Calpernia

Why? How?


118 posted on 07/02/2006 8:46:26 PM PDT by 1rudeboy
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To: nopardons
I thought this kind of hysteria was over after it turned out the Denver Airport was only an airport...not some sinister underground complex for the U.N. takeover of America. Now we've moved on to "a highway" as some sort of insidious plot to over through the country?

Too funny. What will it be once this highway from hell turns out to be nothing more then a highway?

119 posted on 07/02/2006 8:47:03 PM PDT by CWOJackson
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To: nopardons
It'll probably be EZ-PASS and nothing whatsoever will be "stored in Spain".

You are correct. India and Malaysia are much cheaper. Shucks, we might even run the data through Mexico first. Only because it might p!ss off a few nitwits ;)

120 posted on 07/02/2006 8:47:08 PM PDT by ARealMothersSonForever (Political troglodyte with a partisan axe to grind)
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