Two Spanish Firms Compete for Dallas Toll Road Contracts
Ferrovial, ACS compete for 2.1 bln eur Texas motorway contracts -report
12/28/2005
AFX News Limited
Copyright 2005
MADRID (AFX) - Grupo Ferrovial SA and Actividades de Construccion y Servicios SA ACS are competing for contracts to build and operate motorways in the US state of Texas worth 2.1 bln eur, Cinco Dias reported without citing a source.
According to Cinco Dias, Ferrovial's Cintra Concesiones de Infraestructuras de Transporte SA unit will be competing against ACS' Dragados construction unit for the construction and operation of a 1.5 bln usd motorway linking Dallas with Fort Worth.
The two groups will also be competing to build and operate the planned 1 bln usd Dallas ring road in a public-private partnership, the newspaper said.
Cinco Dias said that Cintra appears to have an advantage thanks to its existing status as strategic partner of the State of Texas in the development of its 29-36 bln usd Trans Texas Corridor project over the next 50 years.
When Cintra announced the contract in a consortium with Texan builder Zachry in December 2004, it said its expected to develop 6 bln usd of motorway projects over the next five years as part of the project.
The newspaper noted, however, that Zachry is bidding with ACS and not Cintra for the motorway contracts.
afxmadrid@afxnews.com
© 2005 AFX News Limited. www.forbes.com
12/28/2005
AFX News Limited
Copyright 2005
MADRID (AFX) - Grupo Ferrovial SA and Actividades de Construccion y Servicios SA ACS are competing for contracts to build and operate motorways in the US state of Texas worth 2.1 bln eur, Cinco Dias reported without citing a source.
According to Cinco Dias, Ferrovial's Cintra Concesiones de Infraestructuras de Transporte SA unit will be competing against ACS' Dragados construction unit for the construction and operation of a 1.5 bln usd motorway linking Dallas with Fort Worth.
The two groups will also be competing to build and operate the planned 1 bln usd Dallas ring road in a public-private partnership, the newspaper said.
Cinco Dias said that Cintra appears to have an advantage thanks to its existing status as strategic partner of the State of Texas in the development of its 29-36 bln usd Trans Texas Corridor project over the next 50 years.
When Cintra announced the contract in a consortium with Texan builder Zachry in December 2004, it said its expected to develop 6 bln usd of motorway projects over the next five years as part of the project.
The newspaper noted, however, that Zachry is bidding with ACS and not Cintra for the motorway contracts.
afxmadrid@afxnews.com
© 2005 AFX News Limited.
posted by Porkus Maximus Tex: at Wednesday, December 28, 2005
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