Free Republic

MADRID (AFX) - Actividades de Construccion y Servicio SA is leading a consortium of investment funds and local companies to compete with Grupo Ferrovial SA in bidding for multi-million dollar Trans Texas Corridor (TTC) contracts, Cinco Dias reported, citing the Texan Department of Transport. ACS' consortium includes Zachry and UBS Securities, and will be bidding for contracts to construct the TTC I-69, a multi-modal transport corridor which is expected to be longer than its TTC I-35 sister project, in which Ferrovial is heavily involved. Zachry is in a consortium with Ferrovial in its contracts for the TTC 1-35. But Zachry...

Grupo Ferrovial, Spain’s construction, infrastructure and services giant, had a busy summer acquiring airports in the UK and Peru. Now it has a concession to build and operate a Texas superhighway. Construction of the new toll road project, designed to develop an alternative route to Interstate 35 as part of the planned Trans-Texas Corridor is due to start early next year. This is has been agreed by the Texas Department of Transport under a comprehensive development deal with the Spanish company Cintra - Concesiones de Infrastructuras de Transporte, a member of the Ferrovial group. Cintra’s partner for the five-year road...

AUSTIN - A proposed toll road that would encircle Dallas-Fort Worth has a new nickname: the Doughnut. Texas Transportation Commission members passed out Krispy Kreme doughnuts Thursday to symbolize their support for the outer loop, which would be built in segments from 2011 to 2030 as part of the Trans-Texas Corridor. They also celebrated the commission's approval Thursday of a new road-building partnership among Metroplex cities and counties, the North Texas Tollway Authority and the state. The partnership would also work with any companies wishing to build private toll roads in the area. "We are committed to the Doughnut," commission...