Sh 130 Facility Concession Agreement

SH 130 Segments 5-6 is a public facility operated and operated by SH 130 Concession Co. in a private capacity. The partnership agreement with the SH 130 Concession Company (Cintra Zachry) requires the developer to complete this public toll road. The agreement also includes priority fees, which reduces costs for Caldwell, Guadalupe and Travis counties. As part of a public-private partnership agreement, Texas received a $1.3 billion investment to build the remaining 40 miles of SH 130. The project will be open to traffic until 2012 and will benefit motorists, who are overloaded with I-35 congestion. SH 130 is a public toll road developed as part of a public-private partnership with the SH 130 Concession Company. In accordance with the agreement, the developer designs, builds, operates and waits for the toll road for more than 50 years. The developer also funds the project, including the road to the road, which reduces the financial burden on Caldwell, Guadalupe and Travis counties. The maturity date for the TIFIA loan is June 2047.

During the first five years of operation, a $35 million cash facility and conditional capital was available to meet priority debt service obligation and TIFIA commitments, but were fully utilized in the early years of its operation, with toll revenues well below expectations. In addition, from the sixth year of operation, a 12-month bank account for debt education is created until the maturity of the TIFIA loan. On March 22, 2007, TxDOT signed a Comprehensive Development Agreement (CDA) with the SH 130 Concession Company to design, build, finance, operate and maintain a 40-mile extension of SH 130 (segments 5 and 6) as part of a 50-year concession from the opening date. The project was opened to traffic on October 24, 2012 and commissioned on November 11, 2012. The extension follows the current U.S. axis 183 north of Mustang Ridge, north of Lockhart, and extends southwest to I-10 northeast of Seguin. Despite the increase in traffic in 2015, sh 130 Concession Company applied in March 2016 to the Federal Court of Justice for protection against insolvency in accordance with Chapter 11. On September 9, 2016, Cintra transferred ownership of the facility to its creditors, but will continue to operate it for 18 months. The Texas Department of Transportation oversaw, but not paid, the purchase of all roads and roads. The state of Texas is the record winner. DBFOM (Design, Build, Finance, Operate and Maintain) The first TIFIA interest payment is scheduled for June 2017. Repayment fees are expected to begin in 2018.

The $1.3 billion in private investment in the public transportation system gives the state a share of the revenue from tolls used for other improvements in regional mobility. The TIFIA loan is guaranteed by a pledge on project revenues subject to the pledge of Lien`s senior bonds, which are bank loans, and is the first priority for the equity to be provided by investors.

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