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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: nopardons
sounds like you've been on the west side of manhattan too long.
61
posted on
07/02/2006 7:38:38 PM PDT
by
ckilmer
To: ckilmer
Let's try this and see if your analysis holds: if the TTC is not built, what happens to our illegal immigration problem?
62
posted on
07/02/2006 7:38:54 PM PDT
by
1rudeboy
To: ckilmer
ROTFLOL....I LIVE IN CONN.; you silly, tinfoil bedecked, benighted little person. :-)
To: nopardons
64
posted on
07/02/2006 7:41:57 PM PDT
by
ckilmer
To: ckilmer
Which is far superior to being a delusional conspiracy fruitcake, like you. :-)
To: nopardons
You're on the West Side? Say can you stop by Le Cirque and pick up a chocolate pastry for my lady-friend? Whatever Jacques has thrown together. She loves the truffle-thingies.
66
posted on
07/02/2006 7:44:28 PM PDT
by
1rudeboy
To: nopardons
sounds like you really need to talk to some russian jews who have come to the NY since Brezhnev's rule.
67
posted on
07/02/2006 7:46:30 PM PDT
by
ckilmer
To: 1rudeboy
Sorry, the last time I lived in Manhattan, it was in a co-op in Gramercy Park ( yes, we DID have a key to the park! ), but truth to tell, that was 32 1/2 years ago.
Though I do get into the city, now and again, I pretty much stick to the East side; around Fifth/Lex/Madison...for the shopping. LOL
To: ckilmer
Sounds as though your keepers took off for a long weekend.
Perhaps you can find someone, ANYONE, wandering around to help you post; or, lead you back to the safely of your cel....room.
To: 1rudeboy
This is not a third world nation. We don't need foreign born clowns building roads and highways for us and collecting tolls. Nations like Zambia might. It's idiotic for us to bring in a bunch of foreigners. It's a sign of bankruptcy on many levels
70
posted on
07/02/2006 7:53:45 PM PDT
by
dennisw
(Confucius say man who go through turnstile sideways going to Bangkok.)
To: nopardons
Darn. I was hoping you could help me smooth things over . . . we had a silly little fight last night. You see, ever since I got the Quattroporte she thinks I want to start a family. How was I supposed to know Argento Luna was her favorite color? I chose the car on impulse right off the floor.
71
posted on
07/02/2006 7:56:08 PM PDT
by
1rudeboy
Comment #72 Removed by Moderator
To: dennisw
Actually, it's a sign of wealth, but I'm not sure many here understand the difference.
73
posted on
07/02/2006 7:57:27 PM PDT
by
1rudeboy
To: RoadTest
74
posted on
07/02/2006 7:57:28 PM PDT
by
Calpernia
(Breederville.com)
To: dennisw
I really hate to break it to you, but we have all kinds of FOREIGNERS designing and building buildings in America and doing all sorts of other things as well and have had for centuries.
To: nopardons
so you do not like the place where you live. thats ok.
76
posted on
07/02/2006 7:58:11 PM PDT
by
ckilmer
To: 1rudeboy
To: ckilmer
Excuse me?
"so you do not like the place you live. that's okay." Is what you got from my replies? Would you care to explain how you came to this pronounceomento about me, from my saying that I don't live one Manhattan's West Side, but in Conn.?
To: nopardons
I really hate to break it to you, but we have all kinds of FOREIGNERS designing and building buildings in America and doing all sorts of other things as well and have had for centuries.
It's a damn disgrace to see foreigners building American roads and collecting tolls on them. It's unprecedented. Americans used to have more pride. I won't waste my time trying to convince you.
79
posted on
07/02/2006 8:02:50 PM PDT
by
dennisw
(Confucius say man who go through turnstile sideways going to Bangkok.)
To: Tolerance Sucks Rocks
Next, welcome to electronic toll collection.
Wait to all you Trans-Texas Corridor users see that auto billing nightmare!
80
posted on
07/02/2006 8:05:32 PM PDT
by
Calpernia
(Breederville.com)
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