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CRSS AND COFIROUTE SIGN CALIFORNIA TOLL ROAD AGREEMENT

 CRSS AND COFIROUTE SIGN CALIFORNIA TOLL ROAD AGREEMENT
 HOUSTON, March 2 /PRNewswire/ -- CRSS Inc., (NYSE: CRX) has


announced that its subsidiary, CRSS Equity Projects, Inc., has finalized negotiations with Cofiroute Corporation, the California affiliate of Compagnie Financiere et Industrielle des Autoroutes (Cofiroute), for Cofiroute Corporation to join CRSS Equity Projects, Inc., as a strategic partner in the California Private Transportation Company L.P., (CPTC), a California limited partnership.
 Under a franchise awarded by the California Department of Transportation (Caltrans), CPTC has the exclusive rights to study, finance, design, construct and operate a $100 million, 10 mile private toll road along State Route 91 in Orange County.
 Cofiroute brings to the partnership over 20 years of construction and operations experience gained from the private development and operation of over 450 miles of toll roads in France.
 CRSS brings extensive experience in the design and management of major civil works projects and a well-deserved reputation for working with private and public organizations to find innovative ways to finance needed construction projects.
 CRSS president and chief operating officer, Richard Daerr, said, "We are pleased that our experience in rebuilding the infrastructure of this country will be augmented by the expertise Cofiroute brings to this project."
 Through its subsidiaries, CRSS is one of the largest and most diversified design and construction services companies in the nation. CRSS is also involved in the independent power and cogeneration industry and has expanded through its controlling interest in NaTec Resources, Inc., (NASDAQ: NATC) into the acid rain/pollution control market.
 -0- 3/2/92
 /CONTACT: Steve Pierce of CRSS, 713-522-2158/
 (CRX) CO: CRSS Inc.; Cofiroute Corporation ST: Texas, California IN: CST SU: CON


SM-OS -- NY031 -- 3867 03/02/92 10:44 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 2, 1992
Words:285
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