Commercial close for Texas Managed Lanes PPP

09.08.2009
Infrastructure Journal

Infrastructure Journal reports that a Cintra led consortium has reached commercial close on the US$4 billion Texas IH-635 Managed Lanes PPP.  According to the article the State of Texas has provided US$445 million of financing to the Spanish construction giant. A further US$2 billion are now required for the design and construction of the highway and US$1.5 billion for its maintenance and operation.  The DBFOM scheme will involve the delivery of a 21-mile corridor of tolled managed lanes.  Nossaman is mentioned as legal advisor to the project sponsor, the Texas Department of Transportation.

Jump to Page

We use cookies on this website to improve functionality, enhance performance, analyze website traffic and to enable social media features.  To learn more, please see our Privacy Policy and our Terms & Conditions for additional detail.