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