The Project involves the construction, operation and maintenance of Segments 5 & 6 of the State Highway 130 (SH130) for a concession period of 50 years. It is a 40-mile newly built road that provides an alternative to the often congested Interstate Highway 35 (IH35) between San Antonio and North Austin, bypassing the highly-congested central Austin area.
The US$1.4 billion project comprises over US$1 billion of debt funding, involving BES, Caixa BI, Caja Madrid, Fortis and Banco Santander as the senior lenders. Subordinated debt was used via a TIFIA loan, courtesy of the Transportation Infrastructure Finance and Innovation Act (TIFIA).
Operis provided financial model auditing services, as well as a full tax and accounting on behalf of Cintra Concesiones de Infraestructuras de Transporte, S.A.
