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Ferrovial team agrees deal for US $1.6bn highway expansion

15 Oct 12 The US state of Texas has partnered with a team led by Ferrovial subsidiary Cintra and Meridiam Infrastructure for the US$1.6bn (£995m) expansion of a stretch of the I-35W highway.

The draft design and construction agreement with NTE Mobility Partners Segments 3 LLC (NTEMP3) will add two managed lanes each way on I-35W, or the North Tarrant Express, and rebuild the existing highway, which today tops TxDOT’s 100 most congested road. Dallas Police & Fire Pension System is also working with Cintra and Meridiam.

“Texans have better things to do than to sit in traffic, and that’s why we’re proud to partner with the private sector to speed up a critical transportation project,” said Phil Wilson, Texas Department of Transportation (TxDOT) executive director. 

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The scheduled improvements from north of I-30 to north of I-820 (Segment 3A) will provide US$1.4bn of needed infrastructure to the Fort Worth area. The agreement also provides operations and maintenance until 2061. As part of this project, another section of road will be rebuilt and widened at a total project cost to TxDOT of $234m. Once constructed, this section will be turned over to NTEMP3 for operations and maintenance under the agreement.

“We have been working together with the state for the past three years designing and building the first phase of the North Tarrant Express project, and look forward to getting this next segment along I-35W in Fort Worth under way,” said Nicolas Rubio, president of Cintra US. “This is one of the most traffic congested areas in the United States, and we are proud to further serve the cities, region and state through our involvement in this public-private partnership as we all strive toward better mobility and a greater quality of life.”

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