A consortium led by private-sector developer Cintra has achieved financial close for the construction and operation of the final two segments of SH 130, a new toll road that will relieve congestion and anticipated traffic growth in one of Texas’ fastest developing regions.
The $1.36 billion investment by the Austin-based SH 130 Concession Company LLC will be financed through a combination of private equity, bank loans and a loan from the Transportation Infrastructure Finance and Innovation Act, which helps encourage private-sector involvement in highway projects.