Spanish company investing in 40-mile Texas toll road

| 6/30/2006

The name Cintra has become synonymous with privately operated toll roads, first in Europe and more recently in the U.S.

The Spanish company, Cintra Concessiones de Infrastructuras de Transporte S.A., is half of the development team for the proposed Trans Texas Corridor, and has a 50-percent interest in private leases of the Indiana Toll Road and the Chicago Skyway.

A new deal, expected to have been signed today, Thursday, June 29, calls for Cintra and the San Antonio-based Zachry Construction Corporation to partner with Texas state government to build the final 40 miles of tolled Highway 130 between Austin and Seguin, TX, according to statements made by Texas Department of Transportation officials at a press conference earlier this week.

Cintra-Zachry plans to invest $1.3 billion into the 50-year contract. The deal calls for the state and the private investors to split toll revenue 50-50 for the term of the contract.

The state maintains ownership of the road, according to the state DOT officials.

Cintra-Zachry’s part of the deal is to finance, design, construct, operate and maintain the toll road.

– By David Tanner, staff writer