Public-Private Agreement for Texas Toll Road Project

Albanese, Elizabeth
June 2006
Bond Buyer;6/29/2006, Vol. 356 Issue 32413, p6
Trade Publication
The article reports on the preliminary approval of the Texas Transportation Commission officials of a $1.3 billion toll road project. It has been noted that the deal marks the state's second public-private agreement with consortium known as Cintra Zachry. According to reports, the consortium will design, build and operate a segment of state Highway 130 for 50 years. In return, the state will receive an upfront payment of $25 million and percentage on toll revenues.


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