October 8, 2009

Cintra: Texas Recommends Dropping TTC-35 Highway Project

By Jason Sinclair
Dow Jones Newswires

MADRID--Spanish toll-road company Cintra Concesiones de Infraestructuras SA (CIN.MC) said Thursday that the Texas Department of Transportation had recommended against going forward with the Trans-Texas Corridor-35 highway.

In a filing to the Spanish market regulator, Cintra said the Texas state government made the decision after the U.S. Federal Highway Administration raised questions about the environmental impact of the planned highway.

In 2004, a Cintra-led consortium was chosen to design and plan the TTC-35 highway.

Cintra is already building another Texas highway called the SH 130, which won't be affected by the decision, the company said.

Cintra has won a number of projects in Texas as the state looks to build new roads and privatize existing ones through public-private partnerships.

Company Web site: http://www.cintra.es

91 395 8127; jason.sinclair@dowjones.com

© 2009 Dow Jones Newswires: online.wsj.com

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