Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: April 8, 2009

Project Name: Texas SH 121 (Cintra Award - Cancelled)
Year in Operation:
Sector: Transportation
Subsector: Roads
Status: Project Definition / Programming
Type: New Facility
Description: SH 121 upgrade from combination of non-tolled expressway and 2 lane roadway to limited access, fully electronically tolled expressway.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: Yes
Comments: 50 year BOT project proposal awarded to Cintra, and subsequently cancelled by the Texas legislature. Recompeted between Cintra and local tollway authority, NTTA, in May-June, 2007. Awarded to NTTA.

Project Locations

Address:
City: Coppell
State: Texas
Country: United States of America

Address:
City: McKinney
State: Texas
Country: United States of America

Address:
City: Dallas
State: Texas
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Land
Checkbox Checked Revenue Stream (Cash Flow) Created Through Initial Commitment of Public Sponsor(s)

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

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Checkbox Checked

Credit Enhancements: $700 million in loans form the US Federal Government's TIFIA program.

Arrow Right
Checkbox Checked

From Other Public Entities: US TIFIA Loan Program

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From Private Capital Markets Directly to Producers as Debt: $1.688 Billion in debt from banks financing the Cintra and JP Morgan Fund proposal.

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From Producers as Equity: $763 million in equity from Cintra and JP Morgan Fund.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
50
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: June 1, 2007
Project Value
Hard Cost
Hard & Soft Costs
Design
$25-100 Million US
(none)
Construction
$250 Million - 1 Billion US
(none)
Operations & Maintenance
$500 Million - 2 Billion US
(none)
Total
$2-10 Billion US
(none)

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