Mar 30
TXDOT and Cintra-Zachry finalize SH 130 Segments 5 & 6 lease
Financing, Public-Private Partnerships, SH 130, Toll Roads No Comments »
On Mar 22, TXDOT and Cintra-Zachry signed the final contract for the private consortium tobuild and operate SH 130 Segments 5 & 6 (Mustang Ridge to Seguin) for the next 50 years. Under the agreement, Cintra-Zachry will cover design, land and construction costs and TXDOT retains ownership of the land. TXDOT will receive $25 million upfront and a minimum of 4.65 percent of the road’s toll revenue, with a potential increase of up to 50 percent.
The lease contract signing exempts the project from a proposed legislative two-year moratorium on concession agreements.
State Highway 130 (Segments 5 and 6) - TXDOT
State Highway 130: A Model For Public–Private Partnerships - Keep Texas Moving
Cintra-Zachry to finish 130 - Taylor Daily Press