Monday, March 10, 2008

Loans backed by tax dollars fuel private consortium building SH 130 segments of the Trans-Texas Corridor

Spain's Cintra gets financing for Texas toll road

Mar 10, 2008

Elizabeth O'Leary; Editing by Joe Ortiz
Copyright 2008

MADRID- Spain's Cintra on Monday said it had closed financing to build segments 5 and 6 of its SH-130 toll road between San Antonio and Austin, Texas in the United States in which it will invest $1.36 billion.

In a statement to Spain's stock market, Cintra said $197 million of the investment came from consortium partners and the rest from a bank loan and debt from the U.S. Department of Transportation.

The concession company is 65 percent owned by Cintra, it said in a statement

Related Posts: 'Privately funded?' Cintra-Zachry asks Uncle Sam for a loan click HERE

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