LBJ Express Financing Secured, Project to Start by Early 2011
Construction will start by spring 2011 on Dallas’ $2.7 billion LBJ Freeway (IH-635), one of the nation’s most congested highway systems. That couldn’t come sooner for Texans. The freeway carries about 270,000 vehicles daily with demand expected to exceed 450,000 by 2020.
The project developer, LBJ Infrastructure Group, is a public-private partnership led by Spanish firm Cintra, which has U.S. headquarters in Austin, and is the 51% owner of the project. Other companies in the partnership are Meridiam Infrastructure of New York, the Dallas Police and Fire Pension System; Houston-based W.W. Webber; and Spanish firm Ferrovial Agroman.