Recent Developments
- In Jan 2009, Cintra was awarded two new significant projects: the A1 in Poland, and two segments of the regional corridor ‘North Tarrant Express’ located in the Dallas / Fort Worth area of Texas:
- - The former concession was commissioned by the Polish infrastructure ministry to build, finance and operate three sections of the 180km A1 toll road between Strykow and Pyrzowice. It will require a total investment of approx. €2.1bn
- - The latter concession, in which Cintra owns 75% of the winning consortium company (the other 25% is held by Meridiam), is for 52 years and will measure 21.4km. Assuming financing and other pending requirements are fulfilled as planned, the company’s total number of highways will increase to 25.
- The company has recently expressed an interest in possible divestments of both its Car park and Chilean toll road businesses.
- Cintra is a sponsor of the M3 Motorway being built in Ireland, through the Hill of Tara archaeological complex. The Irish Justice ruled in 2007 in favor of the project, which is supported by the Irish Green Party and local communities, citing a substantial boost to trade and communications.
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