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BAILOUT TOLL ROADS OPERATORS * Spain
* Spain - Could bail out toll road operators, including Cintra
Madrid,Spain -Land Line, by David Tanner -14 March 2013: -- The Spanish government is reportedly on the verge of bailing out some of that country’s failing toll roads. The list of operators includes no less than three companies with ties to U.S. toll roads, including a major player, Cintra... The Spanish government is involved in talks with operators of 10 toll roads in the Madrid area. One company is Cintra Concesiones de Infraestructuras de Transporte – which also operates six U.S. toll road contracts in the U.S. and one in Canada... The report said the Spanish government was attempting to get a $1.2 billion euro loan, which amounts to $1.56 billion in U.S. dollars. The report did not specify how much each operator stands to receive in the form of a bailout... Cintra is considered one of the largest toll road developers in the world. The company entered the North American market in 1999 with a 99-year lease of the 407 Express Toll Route in Toronto, Canada... Since then, Cintra and partner Macquarie of Australia have gobbled up the Chicago Skyway and Indiana Toll Road, and have built sections of four new toll roads in Texas, including two sections of State Highway 130 between Austin and San Antonio and two sections of the North Tarrant Express in Dallas/Fort Worth... On March 5, Land Line reported on Cintra landing its sixth toll road concession agreement in the U.S. ...
Labels: toll roads
posted by Unknown @ 4:01 PM
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