Bracewell & Giuliani Advises Cintra in First Privatization of Toll Road in Texas.DALLAS -- Bracewell & Giuliani LLP LLP - Lower Layer Protocol advised Cintra Concesiones de Infraestructuras de Transporte, S.A., a Spanish transportation company, in its successful bid to develop State Highway 121 into a toll road through Collin and Denton counties. The award to Cintra, approved by the Texas Transportation Commission, is the first privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of a Texas toll road. Bracewell is acting as project counsel to Cintra with respect to the 50-year concession from the Texas Department of Transportation for which Cintra will pay a $2.1 billion upfront and annual lease payments totaling $700 million. Three firms have competed for the Comprehensive Development Agreement for State Highway 121 since last summer. The proposals were reviewed and scored based on selection criteria set forth by the Regional Transportation Council, the metropolitan planning agency for the Dallas-Fort Worth area. "Cintra was awarded this project because of its proven expertise and competitive proposal," said Thomas O. Moore, partner with Bracewell & Giuliani. "This is the largest transportation deal of 2007. This is one of only five deals in the country." This CDA (1) (Compact Disc Audio) The compact disc file extension that is seen on the computer in Explorer or some other file manager. CDA files are actually pointers to the locations of the individual tracks on the CD medium. See CD-DA. is a public-private partnership Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. that allows the provider to handle all facets of developing the toll road, including completing construction and operating and maintaining the corridor. Cintra, a subsidiary of Grupo Ferrovial specialized in toll roads and car parks, is one of the world's leading private-sector developers of transport infrastructure. Bracewell & Giuliani attorneys that advised on this matter include: Partners: Thomas O. Moore, Roger D. Aksamit, Kevin A, Ewing, George Y. Gonzalez, Jason B. Hutt, Nancy Jo Nelson, Andrew M. Taylor and Jose Luis Vittor. Associates: Todd G. Amdor, Eamonn K. Bakewell, Patrick A. Caballero cab·al·le·ro n. pl. cab·al·le·ros 1. A Spanish gentleman; a cavalier. 2. A man who is skilled in riding and managing horses; a horseman. , Erik E. Petersen, Lisa A. Smith and Trevor Wommack. Bracewell & Giuliani LLP is among the nation's most prominent law firms. With 400 lawyers in New York, Texas New York is a hamlet in Henderson County, Texas, USA, about 11 miles east of Athens. Geography New York lies at the intersection of FM 804 and FM 607 in a stereotypically flat portion of East Texas, surrounded mostly by farm land. , Washington, D.C., Kazakhstan and London, we are distinctively positioned to serve clients concentrated in the transportation, energy and financial services sectors worldwide. In 2005, former New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. mayor Rudolph W. Giuliani joined the firm as a senior partner. His international reputation for leadership and problem solving problem solving Process involved in finding a solution to a problem. Many animals routinely solve problems of locomotion, food finding, and shelter through trial and error. is a unique asset for our clients, which include Fortune 500 companies, major financial institutions, leading private investment funds, governmental entities and individuals. For more information about Bracewell & Giuliani, visit www.bgllp.com. |
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