Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: April 9, 2009

Project Name: Texas SH 130 (S. Portion) Concession
Year in Operation:
Sector: Transportation
Subsector: Roads
Status: Design / Construction
Type: New Facility
Description: 40 Mile four lane electronic toll road project (with two continuous frontage roads in each direction) to design, build, finance, and operate the remaining (Southern) portion of SH 130 (Segments 5 and 6). At southern end of Segment 6, SH 130 connects with I-10.
Delivery Method as described in the country where it's located: Concession
Is the project still active: Yes
Comments: 50 year concession to design, build, operate, and maintain segments 5 and 6 of SH 130, and to collect tolls.

Project Locations

Address:
City: Mustang Ridge
State: Texas
Country: United States of America

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

Souces of Project Support (Non-monetary)

Checkbox Checked Land: Assistance with ROW from government.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): 50 year concession agreement between TX DOT Austin District CTTS and SH 130 Concession Company, LLC, a company formed by Cintra and Zachry American Infrastructure.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Credit Enhancements: $430 million dollars through a TIFIA Loan from the US DOT to the SH 130 Concession Company LLC, a joint venture of Cintra and Zachry American Infrastructure.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: $682.6 million in Senior Bank Loans to SH 130 Concession Company LLC, a joint venture of Cintra and Zachry American Infrastructure. The TIFIA Loan is secured by a lien on Project Revenues subordinate to the lien securing Senior Lien Obligations, which are bank loans, and senior to the equity to be provided by investors. The TIFIA Loan agreement was executed on March 7, 2008.

Checkbox Checked

From Producers as Equity: $196.4 million dollars in equity contributed by the SH 130 Concession Company LLC, a joint venture of Cintra and Zachry American Infrastructure.

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 independant checking engineer? Yes
Project Finance Method: All or Partially By Public 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
6
0
Forms
Description
 
 

Project Value (If and As Known)

Date of Estimated Project Value: March 8, 2008
Project Value
Hard Cost
Hard & Soft Costs
Construction
$1-5 Billion US
(none)

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