Construction work is already under way and the road is expected to be open to traffic by the end of 2023. The concession expires in 2061.
- The concession runs until 2061
- The section is scheduled to be open to traffic in late 2023
- Construction of this new section of road will commence immediately
- It is the fourth Managed Lanes project to be operated by Cintra in the Dallas-Fort Worth area
Cintra is to build and operate a new extension (segment 3C) to the North Tarrant Express in Texas, worth USD 910 million, equivalent to €813 million. The consortium, NTE Mobility Partners Segments 3 LLC, also includes the Meridiam fund and APG, a specialized pension fund management firm.
Ferrovial Agroman will be in charge of designing and building this new road segment.
It will extend along 6.7 miles (11 km), from Heritage Trace Parkway, north of US 81/287, to Eagle Parkway, in Denton County. Existing lanes will be upgraded and will continue to be toll-free, while two tolled Managed Lanes each way will be built, as well as on-ramps. Construction work is already under way and the road is expected to be open to traffic by the end of 2023. The concession expires in 2061.
The project, which has just achieved financial closure, will be financed through a combination of equity contributions by the partners (USD 160 million) and the issuance of a PAB (USD 750 million).
This is the fourth Managed Lanes project to be operated by Cintra in the DFW area, one of the most dynamic and fastest-growing areas of the United States. The company already operates the LBJ Express, the North Tarrant Express (NTE) & NTE 35W, which is an extension of the NTE (segments 3A & 3B).
18/04/2018
New lanes open ahead of schedule on the North Tarrant Express 35W
NTE Mobility Partners has inaugurated the new highway section of the North Tarrant Express 35W project. This section, which occupies the 23rd position in the list of the most congested roads in the state, has an investment of 1.4 billion dollars for the construction of 10.5 km of highway. The newly opened section will extend from Northside Dr. to the 820 / 35W interchange.
Read more20/07/2018
Cintra inaugurates NTE 35 W in Texas
Cintra, has inaugurated the extension of the North Tarrant Express (NTE), a project that has had an investment of 1.6 billion dollars, two months ahead of schedule. The opening to traffic has taken place two months ahead of the scheduled date, after four years of work. The infrastructure, 10.1 miles long (just over 16 kilometers), will improve road transportation on the Dallas-Fort Worth axis, one of the most congested in the United States.
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