Wanted: More private investment in Trans-Texas Corridor

| Friday, April 14, 2006

Officials at the Texas DOT are seeking public-private partnerships to develop the second portion of the proposed mega-bucks superhighway and trade route known as the Trans-Texas Corridor.

The state’s Department of Transportation is actively pursuing investors to develop the Interstate 69 phase of the project.

“It is apparent to the Texas Transportation Commission that neither the federal government nor the state government has the resources to pay for I-69,” Commission Chairman Ric Williamson said in a TxDOT press release. “Private investment is our best alternative to move forward on this important project.”

The I-69 portion of the proposed corridor would stretch 600 miles from Northeast Texas to the Mexico border.

TxDOT is allotting about 15 months to attract private partners. There is more information on the request for proposals at www.dot.state.tx.us.

Another phase of the corridor – along Interstate 35 – is moving forward with its public-private partnership between the state and Cintra-Zachry, which consists of Austin-based Zachry Construction Corporation and the Spanish company, Cintra Concessiones de Infraestructuras de Transporte, S.A.

“Our goal is to take advantage of private sector innovation and investment to reduce congestion, enhance safety, expand economic opportunity and improve air quality,” TxDOT Executive Director Michael Behrens stated in the press release.

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