Public-private partnership projects showcased as successful model for the future
North Texas, USA, 2014 – Executives with the LBJ Express and North Tarrant Express projects worked alongside Texas Department of Transportation leaders to host federal elected officials for a two-day visit in North Texas to help them develop a first-hand understanding on how Public-Private Partnerships (P3) continue to advance much-needed infrastructure projects. Members of the U.S. House Committee on Transportation and Infrastructure, led by Thomas E. “Tom” Petri (R-WI), chairman of the Subcommittee for Highways and Transit, toured sections of both roadway projects, which together represent nearly $6 billion in new infrastructure.
The Subcommittee on Highways and Transit is responsible for the development of national surface transportation policy, construction and improvement of highway and transit facilities, implementation of safety and research programs, and regulation of commercial motor vehicle operations. Within this scope of responsibilities, the Subcommittee has jurisdiction over many U.S. Department of Transportation (DOT) programs, including the LBJ Express and North Tarrant Express projects.
"One approach to building stronger support for projects like the LBJ Express is telling our unique finance, design and construction story," said Antonio Älvarez-Cedrón, CEO of LBJ Infrastructure Group (LBJIG). Added Belen Marcos, CEO of NTE Mobility Partners (NTEMP): "It is essential that we help educate federal leaders about the long-term advantages of the P3 approach to solving some of the nation’s infrastructure challenges, so that they can serve as advocates for other P3 projects in the future."
Representing the most comprehensive projects of their type in the United States, the $3.2 billion LBJ Express and the $2.5 billion North Tarrant Express feature dynamic improvements to more than 26 miles of congested, outdated interstate and state highway in Dallas and Tarrant County.
Both projects will dramatically improve the capacity of the current roadways, which are among the most congested in the nation. The projects are also the first in Texas to feature TEXpress managed lanes, which utilize dynamic tolling to regulate traffic flow and ensure safe and reliable trips through these major corridors.
The 30-member delegation included congressional members and staff from the U.S. House of Representatives as well as TxDOT leaders and members of the LBJIG and NTEMP teams for presentations, site visits and construction highlight videos.
Learn more about the LBJ Express project at www.LBJTEXpress.com and the North Tarrant Express project at www.NorthTarrantExpress.com.
About LBJ Infrastructure Group
LBJ Infrastructure Group (LBJIG) is led by Cintra US, a world leader in private-sector development of transportation infrastructure, and Meridiam Infrastructure, a global public-private partnership investor and developer of public facilities. LBJIG also includes the Dallas Police and Fire Pension System. The contractor for the project is Trinity Infrastructure, a collaboration between Ferrovial Agroman and Texas-based Webber. The LBJIG firms together employ more than 2,200 Texans and will integrate more than 100 other Texas companies and their employees into the project.
About NTE Mobility Partners
NTE Mobility Partners (NTEMP) is led by Cintra US, a world leader in private-sector development of transportation infrastructure, and Meridiam Infrastructure, a global public-private partnership investor and developer of public facilities. NTEMP also includes the Dallas Police and Fire Pension System. The contractor for the project is Bluebonnet Contractors, a collaboration between Ferrovial Agroman and Texas-based Webber. The NTEMP firms together employ more than 2,300 Texans and will integrate nearly 200 other Texas companies and their employees into the project.