Last week, with 20 lawyers and hundreds of documents present in New York City, TxDOT moved forward with a 50 year deal, on a $1.36 Billion toll concession with Cintra/Zachry to build the next section of TTC primer SH 130 (segments 5 & 6).
TxDOT was paid the $25.8 Million upfront to let the special interests collect tolls on the new road for 50 years.
Cintras Jose Maria Lopez de Fuentes said, "The details were all done and the champagne was brought out (by Friday afternoon)." "...There are now two or three business days for due diligence (before the money moves)." according Reuters and TollRoadsNews.com
'Privately funded?' Cintra-Zachry asks Uncle Sam for a loan HERE.
Good article on the financial closing on Segments 5 and 6 of SH 130. I went to the FHWA web site to see how much of a TIFIA loan Cintra received. The original article you had from 2005 said that Cintra had applied for a $320m loan. Below is the link to Mary Peters’ announcement dated March 10, 2008, which shows that FHWA actually approved a TIFIA loan for $430m.
The same thing happened when TxDOT asked for a TIFIA loan in 2002 for the first 4 segments of SH130. They asked for approximately $700m and were given approximately $900m. Wish we could get loans like that!