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3/10/08 | VMT

Cintra Seals Financing of U.S. Highway Construction Job


The consortium led by Spanish firm Cintra with a 65% share, sealed financing backing for the job it won to build and manage stretches 5 and 6 of SH 130. The construction phase will require an investment of $ 1.35 billion.

 

The consortium obtained a $ 685.8 million bank loan to finance the job and another one from the U.S. Department of Transportation through TIFIA (Transportation Infrastructure Finance and Innovation Act). The consortium’s company shareholders contributed an additional $197 million.

 

This is Cintra´s third highway construction job in the U.S. Stretches 5 and 6 of SH 130 will be used as an alternative route between San Antonio and the northern end of Austin, Texas.

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