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Thursday
Apr102008

NAFTA Superhighway: Progress on the Trans Texas Corridor Continues

An article carried by Reuters, March 10, 2008, datelined Madrid reports that the Spanish company Cintra said it had closed financing to build segments 5 and 6 of its SH-130 toll road between San Antonio and Austin, Texas in the U.S. It plans to invest $1.36 billion in this leg of the project.

In a statement to Spain's stock market, Cintra said $197 million of the investment came from consortium partners and the rest from a bank loan and debt from the U.S. Department of Transportation.

The newly financed segment is part of the Trans Texas Corridor, a 4,000 mile plan of super toll ways. The Corridor plan calls for a superhighway with 12 passenger vehicle lanes, 4 truck lanes, 2 passenger train tracks, 2 commuter train tracks, 2 freight train tracks, underground lines for water, natural gas, petroleum, telecommunication fiber optics, and overhead high-voltage electric transmission lines and towers.

Plans also include gas stations, garages, restaurants, hotels, stores, billboards, warehouses, freight interchanges, inter-modal transfer areas, bus stations, passenger train stations, parking facilities, dispatch control centers, maintenance facilities, pipeline pumping stations, and toll booths.

The Trans Texas Corridor is the largest engineering project ever undertaken in Texas, costing over $180 billion dollars.

A consortium led by the Cintra Concesiones Infraestruturas SA, known as Cintra, announced the contract to build the Trans Texas Corridor in December, 2004, and said it expected to develop 6 billion U.S. dollars of motorway projects during the following five years as part of the project.

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