Financial close achieved for US$2.5 billion Toll road PPP project in USA
21 August 2023 
                        Ferrovial, through the NTE Mobility Partners consortium led by subsidiary Cintra, has completed a financing in the North Tarrant Express (NTE) toll road, in Texas, USA.
Utilizing private activity bonds (PABs), the consortium secured US$414.2 million. These funds are primarily allocated for financing the construction of specific capacity enhancements outlined in the Comprehensive Development Agreement with the Texas Department of Transportation (TxDOT). Following the conclusion of this transaction, Ferrovial's subsidiaries, namely Ferrovial Construction and Webber, will take on the role of the design-build contractor, and construction will promptly commence. Improvements will start immediately upon completion of the transaction and are expected to finish in 2027.
The North Tarrant Express, a toll road, is seamlessly integrated into the managed lane network established within the Dallas-Fort Worth (DFW) region. This initiative significantly expanded the corridor's capacity by incorporating managed lanes across its entirety. The comprehensive NTE network now experiences more than half-a-million daily trips. This US$2.5 billion project spans over 13 miles (22 km) along Interstate Highway 820 and State Highway 121/183, playing a vital role in connecting downtown Fort Worth with Dallas-Fort Worth International Airport.
Related
- 
                    
                          ACWA Power unveils USD10 billion in new clean-energy and financing agreements at (FII9)31 October 2025 
- 
                    
                          Turner & Townsend to deliver Africa’s biggest highway PPP30 October 2025 
- 
                    
                          EBRD supports largest onshore wind farm in Baltic region26 October 2025 
- 
                    
                          Saudi Arabia plans Mecca transit-oriented development24 October 2025 
- 
                    
                          Sunotec secures financing for Bulgarian BESS, renewables portfolio22 October 2025 
- 
                    
                          CJIC won the Bid of National Road Climate Resilient Rehabilitation and Maintenance in NR2W Section 3 (Km 121+000-Km 136+033)10 October 2025 
 
                     
                     
                     
 

 京公网安备
    11010802030424号
京公网安备
    11010802030424号  京ICP备19046776号-2
京ICP备19046776号-2