Texas highway loan stars revealed

A loan of US$415million from the US government’s Transportation Infrastructure Finance and Innovation Act programme will help meet the cost of building toll lanes and rebuilding existing lanes at the Interstate 35 highway (I-35W) near Fort Worth, Texas. The works are part of the $2.5billion North Tarrant Express project, which is currently under construction in the northeastern part of Tarrant County, Texas. A consortium of companies led by Spanish toll road developer Cintra, NTE Mobility Partners is behi
May 3, 2012 Read time: 1 min
A loan of US$415million from the US government’s Transportation Infrastructure Finance and Innovation Act programme will help meet the cost of building toll lanes and rebuilding existing lanes at the Interstate 35 highway (I-35W) near Fort Worth, Texas.

The works are part of the $2.5billion North Tarrant Express project, which is currently under construction in the northeastern part of Tarrant County, Texas. A consortium of companies led by Spanish toll road developer 5428 Cintra, NTE Mobility Partners is behind the development of the North Tarrant Express. The 5427 Texas Transportation Commission will fund an additional $150million of the I-35W expansion.

Related Content

  • US DOT awards funding for Maryland Purple Line Project
    August 29, 2017
    The US Department of Transportation’s Federal Transit Administration (FTA) has announced a US$900 million federal grant agreement for the Maryland Purple Line Light Rail Project. The light rail line will make travel across Montgomery and Prince George’s counties faster and more reliable, improving access to major business and activity centres in the state’s most populated counties. The 16.2-mile Maryland Purple Line will connect major activity centres in Bethesda, Silver Spring, Takoma-Langley Park, College
    Read More
  • US economic stimulus package highlights ITS technology
    July 17, 2012
    US Secretary of Transportation Ray LaHood talks to ITS International about economic stimulus funding and the absolute need to maintain and increase the use of technology in transportation. Of the total of $787 billion of funding announced under the American Recovery and Reinvestment Act (ARRA), the economic stimulus package which was signed into law by US President Barack Obama on 17 February 2009, $48.1 billion will go to the US Department of Transportation (USDOT). Of that, $27.5 billion is for highway in
    Read More
  • Transurban announces preferred contractor for NorthConnex
    March 18, 2014
    Melbourne-based toll-road operator Transurban Group has announced that the consortium Lend Lease Bouygues is set to design and build the Sydney, Australia, NorthConnex tunnel link between the M1 and M2 motorways in the city’s northwest. The nine kilometre, 80 km/h tolled link involves two motorway tunnels, built with a three lane capacity for future growth but initially marked for two lanes each way. It provides the missing link in the National Highway Network and offers a safe and more efficient way of
    Read More
  • Key Russian PPP project
    April 18, 2012
    The Northern Capital Highway (NCH) consortium has been named the preferred bidder in the tender for the central section of St Petersburg’s Western High-Speed Diameter (WHSD) project. Should NCH win the tender process it will build and then operate the entire stretch of the toll road. The consortium comprises VTB Capital and Gazprombank from Russia in partnership with Italian company Astaldi and Turkish firm Ictas Insaat.
    Read More

Highlighted Content