{"id":89729,"date":"2019-08-22T12:09:57","date_gmt":"2019-08-22T10:09:57","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/?post_type=new&p=89729"},"modified":"2024-11-04T18:35:46","modified_gmt":"2024-11-04T17:35:46","slug":"ferrovial-to-build-and-operate-the-new-expansion-for-the-north-tarrant-express-highway-in-texas-for-e813-million","status":"publish","type":"new","link":"https:\/\/newsroom.ferrovial.com\/en\/news\/ferrovial-to-build-and-operate-the-new-expansion-for-the-north-tarrant-express-highway-in-texas-for-e813-million\/","title":{"rendered":"Ferrovial to Build and Operate the New Expansion for the North Tarrant Express Highway in Texas for \u20ac813 million"},"content":{"rendered":"
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Construction\u00a0<\/span>of\u00a0<\/span>this new section will begin immediately. This is the\u00a0<\/span>fourth Managed Lanes project<\/span><\/b>\u00a0tha<\/span>t\u00a0<\/span>Cintra<\/span><\/a>\u00a0<\/span>has worked on\u00a0<\/span>in the Dallas-Fort Worth area.<\/span>\u00a0<\/span><\/p>\n

T<\/span>hrough a consortium led by its highway subsidiary<\/span>, Cintra<\/span>,\u00a0<\/span>Ferrovial\u00a0<\/span>will build and operate the new expansion of the North Tarrant Express\u00a0<\/span>highway\u00a0<\/span>(segment 3C) in Texas for\u00a0<\/span>$910 million<\/span><\/b>,\u00a0<\/span>which is<\/span>\u00a0<\/span>\u20ac<\/span>813 million. The consortium, NTE Mobility Partners Segments 3 LLC, also includes the Meridiam fund and the financial firm specializing in pension fund management<\/span>,<\/span>\u00a0APG.<\/span>\u00a0<\/span><\/p>\n

Ferrovial Agroman will be in charge of the design and construction of this new\u00a0stretch of highway<\/h2>\n

The agreement includes\u00a0<\/span>work<\/span>\u00a0on a\u00a0<\/span>6.7-mile\u00a0<\/span><\/b>segment<\/span><\/b>\u00a0(about 11 kilometers) from Heritage Trace Parkway, north of US 81\/287, to Eagle Parkway in Denton County. Existing lanes, which will\u00a0<\/span>continue to be<\/span>\u00a0toll-free, will be renovated<\/span>,<\/span>\u00a0and two\u00a0<\/span>toll\u00a0<\/span>Managed Lanes will be built\u00a0<\/span>in each\u00a0<\/span>direction,\u00a0<\/span>as well as on-ramps<\/span>. Previous construction work is already underway<\/span>,<\/span>\u00a0and\u00a0<\/span>the\u00a0<\/span><\/b>highway\u00a0<\/span><\/b>is expected to\u00a0<\/span><\/b>be\u00a0<\/span><\/b>open to traffic by 2023<\/span><\/b>. The concession will end in 2061.<\/span>\u00a0<\/span><\/p>\n

The project, which\u00a0<\/span>just underwent financial close<\/span>, will be financed\u00a0<\/span>by\u00a0<\/span>a combination of capital<\/span>\u00a0contribution from partners<\/span>, $160 million<\/span>,<\/span>\u00a0and\u00a0<\/span>the\u00a0<\/span>issuance of PAB, totaling $750 million.<\/span>\u00a0<\/span><\/p>\n

This is the fourth Managed Lanes project that Cintra\u00a0<\/span>has\u00a0<\/span>manage<\/span>d<\/span>\u00a0in the Dallas-Fort Worth\u00a0<\/span>area<\/span>, one of the most dynamic<\/span>,<\/span>\u00a0fastest<\/span>–<\/span>growing\u00a0<\/span>regions\u00a0<\/span>in the United States. The company<\/span>\u00a0is<\/span>\u00a0already operat<\/span>ing<\/span>\u00a0<\/span>around\u00a0<\/span>the LBJ Express, the North Tarrant Express (NTE)<\/span>,<\/span>\u00a0and the NTE 35W, the expansion of the NTE (segments 3A and 3B).<\/span>\u00a0<\/span><\/p>\n

Ferrovial, through its subsidiary Cintra, is one of the\u00a0<\/span>leading companies in private\u00a0<\/span><\/b>advancement of<\/span><\/b>\u00a0transport infrastructures worldwide<\/span><\/b>, by number of projects and\u00a0<\/span>by\u00a0<\/span>investment<\/span>\u00a0<\/span>volume<\/span>. It currently manages more than 1,468 kilomet<\/span>ers<\/span>\u00a0of highways\u00a0<\/span>across<\/span>\u00a024 concessions in Canada, the United States, Europe, Australia<\/span>,<\/span>\u00a0and Colombia.<\/span>\u00a0<\/span><\/p>\n <\/div>\n <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1005273,"featured_media":89730,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[2529,2344,1082,1099],"nivel-5":[1730,2148,1732],"nivel-1":[896,903],"nivel-3":[1322],"nivel-4":[1826,1822],"class_list":["post-89729","new","type-new","status-publish","has-post-thumbnail","hentry","nivel-2-civil-works-en","nivel-2-concessions","nivel-2-expressways","nivel-2-roads","nivel-5-cintra-en","nivel-5-ferrovial-construction","nivel-5-north-tarrant-express-en","nivel-1-construction","nivel-1-highways","nivel-3-united-states","nivel-4-dallas-en","nivel-4-texas-en"],"acf":[],"yoast_head":"Ferrovial to Build and Operate the New 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