Cintra

NTTA's pledge of system revenues for SH121 opens Dallas North and PGB commuters to higher toll rates, financial analysts point out. They say that the crucial distinction between the NTTA bid and Cintra/JPMorgan is that Cintra/JPM will put no lien on the existing tollroads in north Dallas. NTTA's proposal is for a system financing, they say.  read more »

North Texas Tollway Authority (NTTA) are getting into the concession business. They say they can improve substantially on Cintra's proposal for SH121 north of Dallas in Denton and Collin counties. Today they put out a press release, an executive summary and a powerpoint on their bid for SH121 - the first time in the US that a public toll authority has made a bid in competition with investor groups for a toll concession.
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Posted speed limits are a major financial issue in the terms of the toll concession for Texas State Highway 130 Segments 5 and 6 (TX130-S for South). The fine print of the concession agreement now available on the TxDOT website shows that posted speed limits are seen as a key to attracting large volumes of traffic from free-competitor I-35.

Exhibit 7 (Ex7) titled Compensation Terms provides that the concessionaire will pay TxDOT three radically different amounts of money depending on the legally enacted speed limits for the new tollroad (TR).  read more »

Texas Department of Transportation (TxDOT) is about to sign its first toll concession agreement - for a Cintra-Zachry joint venture to build an additional 65km (40mi) of TX130 between southeast Austin and I-10 at Seguin at a cost of $1.3b. The draft concession agreed between TxDOT and Cintra-Zachry goes to the Texas Transportation Commission tomorrow (June 29) for formal approval. The text is not publicly available now but should be by Friday, a TxDOT official told us.  read more »