Firms Investing Big In Texas Corridor Plan Spanish-led consortium deal could jump-start work on ambitious transportation corridor
The Texas Transportation Commission has accepted an offer this month by a consortium led by Madrid-based infrastructure and toll road developer Cintra to invest $6 billion for the first phase of the Trans Texas Corridor from Oklahoma to Mexico. The team, which includes Zachry Construction Corp., San Antonio, and Earth Tech, Long Beach, Calif., plans to finance right-of-way acquisition, as well as design and construction of 400 miles of toll road by 2010. In return, it will receive a 50-year concession to operate and maintain the highway from Dallas to San Antonio.
The Trans Texas Corridor is a long-range plan to build a 1,200-ft-wide statewide corridor with separated passenger and freight roadways, commuter and freight rail lines and a utility lane. The first phase will parallel Interstate 35. Click here to view map >>