Consortium headed by Cintra selected as “Apparent Best Value Proposal” to build State Highway 121 in Texas

Press releases

- The new 41-km. State Highway 121 (SH-121), located north of Dallas, is one of the most important projects in Texas - The total investment in the project during the construction phase will be 3.436 million dollars - The term of grant is 50 years from the beginning of operations, projected for the summer of 2008 The consortium headed by Cintra (85%), the toll road and car park specialist, with a fund advised by JPMorgan Asset Management has been selected by the Texas Department of Transportation (TxDOT) as Apparent Best Value Proposal for the construction and operation of State Highway 121 (SH-121). The objective of this project is the design, finance, build, operate and maintain this 41-km. all-electronic barrier-free toll road which runs through Collin and Denton counties, north of Dallas (heavily-developed areas with some of the highest growth rates in the region). The road, which is subdivided into five segments, will connect I-35 with US-75. Of the 41.6 km. of road, 15.8 km. are new construction, 11.2 km. are already operational (and will be transferred to the concessionaire), and 14.6 km. will be constructed by the State. The estimated investment is of 3.463 billion dollars. The term of grant will be 50 years from entry in terms of service. TxDOT's recommendation must be ratified by the Texas Transportation Commission. Cintra, one of the world's largest private-sector transport infrastructure developers Cintra, a subsidiary of Grupo Ferrovial specialised in toll roads and car parks, is one of the world's leading private-sector developers of transport infrastructure, with over 14 billion euro in managed investments. With this new project, Cintra has a stake in a total of 20 toll road concessions in Spain (7), Ireland (1), Greece (1), Portugal (2), Chile (5), Canada (1) and the USA (3). It currently has three projects pending final award, in Italy, Ireland, Greece and the USA, and it is waiting for Ferrovial Infraestructuras to transfer the Azores (Portugal) toll road concession. Cintra is also Spain's leading car park operator and manages over 250,000 parking spaces.


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