Texas toll road reaches US$2 billion FC

In the Infrastructure Journal article, Robert Lovell reports that the $2.02 billion North Tarrant Express managed lanes P3 project has reached financial close following the successful issue of $400 million in long-term fixed rate unwrapped bonds.  The project includes the construction, tolling and operation of the North Tarrant Express toll road in the Dallas-Fort Worth area, along with the rehabilitation of existing lanes that will all be managed under a new toll system - resulting in enhanced traffic regulation.  Additional information about the project deal is available from the Cintra-led private consortium developer, NTE Mobility Partners.  Nossaman is mentioned as the legal advisor to the Texas Department of Transportation.  Click on the following link to learn more about Nossaman's Infrastructure practice.</p< span>