Skip to main content

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 behind
April 27, 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 930 Cintra, NTE Mobility Partners is behind the development of the North Tarrant Express. The 3496 Texas Transportation Commission will fund an additional $150million of the I-35W expansion.

For more information on companies in this article

Related Content

  • Upgrades underway for Tarrant tollway in Texas
    September 20, 2013
    Financing has been found to fund construction work on the North Tarrant Express (NTE) in Texas. The public-private partnership project for Segment 3A of the route will be carried out by NTE Mobility Partners Segments 3 LLC (NTEMP3). The rebuilding of the I-35W road close to Fort Worth will help reduce traffic congestion on the route at peak periods. The public-private partnership has been agreed between NTEMP3, the Texas Department of Transportation (TxDOT) and the North Central Texas Council of Governments
  • Ferrovial picks up more North Tarrant Express work in Texas
    August 23, 2019
    Ferrovial, through a consortium led by its toll road subsidiary Cintra Infraestructuras, will build and operate an extension to the North Tarrant Express in Texas. Ferrovial Agroman will be in charge of designing and building the 11km road, known as segment 3C in a deal worth US$910 million. The consortium, NTE Mobility Partners Segments 3, includes the Meridiam fund and APG, a specialised pension fund management firm. It runs from Heritage Trace Parkway, north of US 81/287, to Eagle Parkway in Denton
  • Consortium wins Texas highway project near Dallas
    March 6, 2013
    A major new highway project that will improve transport links to Dallas, Texas, has been won by a consortium. The US$1.37 billion project will be handled by a consortium led by Cintra Infraestructuras and also including Dallas Police and Fire Pension System and French fund, Meridiam Infrastructure. The Texas Transport Department awarded the contract, which is for the design, construction, financing, operation and maintenance of the North Tarrant Express expansion project. The contract is valid for 43 years
  • Texas highway construction project underway
    January 4, 2024
    A US$414 million Texas highway construction project is now underway.