{"id":120024,"date":"2023-03-13T19:54:00","date_gmt":"2023-03-13T18:54:00","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/?post_type=local_new&#038;p=120024"},"modified":"2024-10-18T20:51:32","modified_gmt":"2024-10-18T18:51:32","slug":"cintras-economic-impact-in-the-state-of-texas-tops-17-billion","status":"publish","type":"local_new","link":"https:\/\/newsroom.ferrovial.com\/en\/local-news\/cintras-economic-impact-in-the-state-of-texas-tops-17-billion\/","title":{"rendered":"Cintra\u2019s economic impact in the state of Texas tops $17 billion"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p>With over 7 million drivers traveling on Cintra-managed highways in Texas each year, Brooke Akins, Cintra\u2019s Global ESG Director, addressed the economic impact of managed lanes on the communities they serve with Craig Hulse, Director of Economic Development for the City of North Richland Hills. Robert Hinkle, Director of Corporate Affairs for NTE Mobility Partners LLC and LBJ Infrastructure Group LLC, moderated the panel discussion.<\/p>\n<p>Cintra partnered with Steer consulting firm to prepare its <a href=\"https:\/\/eur02.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fstatic.newsroom.ferrovial.com%2Fwp-content%2Fuploads%2Fsites%2F4%2F2022%2F11%2F03153719%2Feconomic-impact-of-cintra-assets-oct-22.pdf&amp;data=05%7C01%7Cyflorey%40ferrovial.com%7C8c79dc4d4f42455f6dff08dad7b36982%7Ca9a8e375fac14ec2820acfb6eb5cf01b%7C0%7C0%7C638059462808679518%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=Ex%2BJU0QbaIiqvrT9Ph9jC1rTF8GBS%2BL4ehZ9MmoeUUc%3D&amp;reserved=0\">Economic Development and Social Impact Report<\/a>, which analyzes Cintra-managed highways in the areas in which they operate. The report found Cintra-managed highways have generated $17.2 billion in economic impact for the state of Texas and over $5 billion in local benefits.<\/p>\n        <\/div>\n    <\/section>\n    <section class=\"block-quote \" id=\"\">\n        <div class=\"container container--narrow container--p-10 block-quote__body\">\n            <blockquote class=\"block-quote__text\" aria-label=\"\">\n                All these impacts will continue to grow over time, and now we can look to optimize and protect those values for our partners, our DOT partners and users of these roadways. We are committed to providing a safer environment for all drivers with a multi-year vision that will adapt and evolve as automated adoption grows.            <\/blockquote>\n\n            <footer class=\"block-quote__footer\">\n                                    <p class=\"block-quote__author\" aria-label=\"\">\n                        <span class=\"block-quote__author-name\">Brooke Akins<\/span>\n                    <\/p>\n                                    <p class=\"block-quote__author-role\" aria-label=\"\">\n                        Global ESG Director at Cintra                    <\/p>\n                            <\/footer>\n        <\/div>\n    <\/section>\n    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p>Robert Poole, director of transportation policy at Reason Foundation, acknowledged the challenges Tarrant County and many other regions are facing across the U.S. when it comes to developing the transportation infrastructure needed to support economic growth. He provided available solutions during his keynote address.<\/p>\n        <\/div>\n    <\/section>\n    <section class=\"block-quote \" id=\"\">\n        <div class=\"container container--narrow container--p-10 block-quote__body\">\n            <blockquote class=\"block-quote__text\" aria-label=\"\">\n                The advantages of the public-private partnership revenue model really are that it guarantees you to finance these big projects up front, so you get a build when you need it, not 10 or 20 years from now.            <\/blockquote>\n\n            <footer class=\"block-quote__footer\">\n                                    <p class=\"block-quote__author\" aria-label=\"\">\n                        <span class=\"block-quote__author-name\">Robert Poole<\/span>\n                    <\/p>\n                                    <p class=\"block-quote__author-role\" aria-label=\"\">\n                        Director of Transportation Policy at the Reason Foundation                    <\/p>\n                            <\/footer>\n        <\/div>\n    <\/section>\n    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p>As an example, Poole pointed to Cintra\u2019s <a href=\"https:\/\/www.ferrovial.com\/en\/business\/projects\/i66-highway\/\">I-66 Outside the Beltway project<\/a> as a landmark project for others to follow. He said it is only the second P3 project in the U.S. \u201cthat is 100 percent revenue financed without any state aide whatsoever,\u201d and then went on to add, \u201cand in addition to paying for all the construction costs, they paid a chunk to support bus transport operations in that corridor.\u201d<\/p>\n<p>The company celebrated the <a href=\"https:\/\/newsroom.ferrovial.com\/en\/press_releases\/opening-i66\/\">opening of the I-66 Express Lanes<\/a> in Virginia in November 2022. It is one of the largest P3 infrastructure projects in the United States.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About Cintra<\/strong><br \/>\n<a href=\"https:\/\/www.ferrovial.com\/en-us\/cintra\/\">Cintra<\/a> is one of the world&#8217;s leading private-sector transportation infrastructure companies. For more than 50 years, Cintra&#8217;s innovative transportation solutions have helped drivers and commerce move around safely. Globally, Cintra currently manages highways spread over 26 concessions in 9 countries, including Canada, the United States, Europe, Australia, and Colombia. For more information, visit cintra.us<\/p>\n<p><strong>About Ferrovial<\/strong><br \/>\n<a href=\"https:\/\/www.ferrovial.com\/en-us\/\">Ferrovial<\/a> is a global infrastructure operator committed to developing innovative solutions for a world on the move. With more than 70 years of experience, its family of companies holds leadership positions in transportation infrastructure, construction, waterworks, and energy. Ferrovial U.S. is headquartered in Austin, Texas, employing thousands of people across the country. For more information, visit ferrovial.us<\/p>\n<p><strong>Media Contacts<\/strong><br \/>\nRebecca Rountree<br \/>\n<a href=\"mailto:rrountree@ferrovial.com\">rrountree@ferrovial.com<\/a><\/p>\n<p>Mike Viesca<br \/>\n<a href=\"mailto:mviesca@ferrovial.com\">mviesca@ferrovial.com<\/a><\/p>\n<p>For general media inquiries, please contact us at <a href=\"mailto:mediarelationsusa@ferrovial.com\">mediarelationsusa@ferrovial.com<\/a><\/p>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":120026,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[2344,1166,1925,1099,1203],"nivel-5":[1730,1740,1732,1728],"nivel-1":[903],"nivel-3":[1322],"nivel-4":[1826,2039],"class_list":["post-120024","local_new","type-local_new","status-publish","has-post-thumbnail","hentry","nivel-2-concessions","nivel-2-mobility","nivel-2-motorways","nivel-2-roads","nivel-2-transport-systems","nivel-5-cintra-en","nivel-5-lbj-texpress-en","nivel-5-north-tarrant-express-en","nivel-5-texpress-lanes-en","nivel-1-highways","nivel-3-united-states","nivel-4-dallas-en","nivel-4-fort-worth-en"],"acf":[],"yoast_head":"<title>Cintra\u2019s economic impact in the state of Texas tops $17 billion - Ferrovial<\/title>\n<meta name=\"description\" content=\"Tarrant Transportation Summit panel addressed the economic impact of managed lanes on the communities they serve.\" \/>\n<meta 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