CIOB International News

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 building programme is the San Antonio-based contractor Zachry Construction Corp, but Ferrovial's construction company Agroman is getting a share in the business.

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Posted by pichu at August 25, 2006 9:17 AM