Definitions

Cintra

Cintra

Cintra: see Sintra, Portugal.

Cintra, S.A. (Concesiones de Infraestructuras de Transporte), is an international operator of toll roads and car parks. The company is listed on the Madrid stock exchange and is included in the IBEX-35 stock index. The Major shareholders is Ferrovial SA (62.5%).

Roads operated by Cintra include Highway 407 (Ontario), the Chicago Skyway, the Indiana Toll Road, and numerous roads in Spain, Portugal and Ireland, as well as the Trans-Texas Corridor (currently in development, to be operated as a partnership with San Antonio, Texas based Zachry Construction Company).

Governor Rick Perry has refused to release many of the details of the $1.3 billion contract his administration has signed with Cintra for a toll road from Austin to Seguin as part of the Trans-Texas Corridor. The Spanish company has had a close relationship with the governor's office: Perry's former legislative director, Dan Shelley, worked as a Cintra consultant and lobbyist prior to joining the governor's staff, and in September 2005, he went back to work for Cintra. Both he and his daughter, Jennifer Shelley-Rodriguez, now have lucrative contracts to lobby Texas legislators on the company's behalf.

Controversial investment in M3 motorway in Ireland

Cintra is one of the sponsors of the controversial M3 Motorway being built in Ireland, through the Hill of Tara archaeological complex. The project, valued at circa €650M, is funded by senior bank debt, shareholders' equity and grants from the National Roads Authority. Senior debt for the project has been provided by Banco Bilbao Vizcaya Argentaria, BBVA Banco Santander Central Hispano and Calyon. The contract is to design, build, finance and operate the 50km M3 Clonee to North of Kells project under a 45-year concession. EuroLink M3 is owned by SIAC and Cintra (Concessiones de Infraestructuras de Transporte S.A.). The Hill of Tara was placed on the World Monuments Fund 2008 List of 100 Most Endangered Sites. The campaign to save the has attracted a lot of international media attention from papers such as the Toronto Star.

References

Highways and Freeways management

External links

Search another word or see cintraon Dictionary | Thesaurus |Spanish
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature