cda

The TX/I-635 LBJ Freeway toll lanes has gone to financial close, so - at last - construction can begin. Good news that a very large project, not without its risks, can still be financed in today's economy. It is the first major private sector road financing this year. Construction is due to begin early 2011 for completion by 2016.

Texas Department of Transportation (TxDOT) officials plan to announce Wednesday that, in response to citizen comments received during the environmental review of Trans-Texas Corridor-35, the department has recommended the No Action Alternative on the TTC-35 environmental study to the Federal Highway Administration

July 2 2009 should be recorded as an important date in tollroad history. It was the day Chinese regulators gave the green light to Sichuan Expressway Company's Initial Private Offering (IPO) of shares in Shanghai, while in Texas, USA the legislature adjourned for 18 months slamming the door on investor pikes.

Texas DOT is signing a toll concession with an international group led by Cintra to do about $1.6 billion worth of work rebuild some 20km (13 miles) of old freeway into frontage, free and toll lanes and get planning work and rights to negotiate up to several billion dollars more of the North Tarrant Express project. TxDOT got bids from the Cintra-led Group called NTE Mobility Partners (NTEMP) and from Spain based OHL.