Cintra leads mega-toll project

A TEAM of private companies led by Spanish toll road operator Cintra has secured its financing for the Texas, USbased mega-toll project, the North Tarrant Express. The project The US$2 billion (€1.4 billion) project will rebuild existing lanes along Interstate 820 and portions of SH 183, and add new managed lanes as well, with construction expected to begin in late 2010.
July 5, 2012 Read time: 2 mins
A team of private companies led by Spanish toll road operator 930 Cintra has secured its financing for the Texas, USbased mega-toll project, the North Tarrant Express.

The project The US$2 billion (€1.4 billion) project will rebuild existing lanes along Interstate 820 and portions of SH 183, and add new managed lanes as well, with construction expected to begin in late 2010.

It will be the first privately financed toll road in north Texas. A similar project, also led by Cintra, to rebuild LBJ Freeway with a mix of free and paid lanes is expected to begin construction shortly afterward.

The managed lanes on both projects will be costly during rush hours, with rates going up as the traffic on the adjacent free lanes gets heavier. It is an approach to manage traffic by continuing to jack up rates when demand is strong, and by doing so keeping traffic moving freely on the paid lanes no matter how slow it becomes on the free lanes.

Tolls from the managed lanes will be used to repay the debts required to build the project and provide profit to Cintra and its partners, which include the Dallas Police and Fire Pension System.

For more information on companies in this article

Related Content

  • Lindsay argues the case for reversible lanes over adding lanes
    June 26, 2018
    Build new lanes or use existing lanes more effectively? In a recent US study* commissioned by Lindsay Transportation Solutions, the company argues the case for reversible lanes. The level of future uncertainty in transportation planning - specifically in addressing congestion on urban freeways - has increased significantly over the past few years. The impact of connected and autonomous vehicles on traffic flow, of Mobility as a Service (MaaS) initiatives, particularly the car-sharing elements, and exciting
    Read More
  • Atlanta SR 400 Express Lanes project awarded
    September 2, 2024
    The 20km project, awarded by the Georgia Department of Transportation in the US, went to the SR 400 Peach Partners, that includes ACS, Acciona and Meridiam.
    Read More
  • New international trade crossing linking Canada and US
    June 9, 2015
    The Detroit River is short, only 45km, and narrow in places, less than 1km. Around a quarter of the annual $658 billion Canada-US trade crosses over the river. That’s $160 billion worth of goods trucked each year between Detroit in the US state of Michigan and the Canadian city of Windsor in the province of Ontario - the Windsor-Detroit Corridor. There are several types of crossings, but the vast majority of commercial traffic must use the 2.3km Ambassador Bridge (see box). A new bridge was initially prop
    Read More
  • Atkins is working on major deals for Texas and Florida
    March 10, 2014
    Atkins is working on major contracts in Texas and Florida for tolling and design and build services respectively. In Texas the Department of Transportation (TxDOT) reselected Atkins as its state-wide prime consultant for toll-plaza planning, development, and implementation. Under the terms of the five-year, $10 million contract, Atkins is providing planning, development, infrastructure design and coordination, and construction oversight services, as well as system installation, integration, and testing serv
    Read More

Highlighted Content