Ireland's National Roads Authority has awarded a $147m (E113m@$1.3) contract to a Sanef(80%)-CS(20%) subsidiary BetEire to install and operate 2x3 lanes of no-cash highway speed electronic tolling on the M50 beltway around Dublin.
Newsworthy? You better believe it.
But out of TxDOT, no press release, no statement, nothing.
Texas Transportation Commission has accepted a proposal by Cintra and JP Morgan to pay $2.1b in an upfront concession fee and some $560m in immediate construction commitments to complete to 12 lanes some 37km (23 miles) of State Highway 121 (TX121T) in the northern part of the Dallas area. Cintra/JPM would gain a 50 year concession giving it the right to the toll revenues. In addition to the upfront concession fee of $2,100m Cintra/JPM but would pay some $700m to the state in revenue sharing over the life of the concession.
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).
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.