MADRID (AFX) - A consortium led by Cintra Concesiones Infraestructuras SA said it has signed its first contract to construct a section of the Trans-Texas Corridor toll road project in the US and will invest 1.3 bln usd.
In a statement, Cintra said the 50-year concession is to design, construct and operate segments 5 and 6 of the SH 130 motorway between Austin and Seguin.
The consortium is 65 pct controlled by Cintra and 35 pct by local constructor Zachry.
Cintra announced the contract in Dec 2004, and said it expected to develop 6 bln usd of motorway projects over the next five years as part of the project. afxmadrid@afxnews.com ped/lam COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
In a statement, Cintra said the 50-year concession is to design, construct and operate segments 5 and 6 of the SH 130 motorway between Austin and Seguin.
The consortium is 65 pct controlled by Cintra and 35 pct by local constructor Zachry.
Cintra announced the contract in Dec 2004, and said it expected to develop 6 bln usd of motorway projects over the next five years as part of the project. afxmadrid@afxnews.com ped/lam COPYRIGHT Copyright AFX News Limited 2005. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited