FORT WORTH, TX — Ferrovial announces the completion of the third segment of the North Tarrant Express (NTE) 35W project in Fort Worth, Texas. The inauguration was celebrated with the traditional ribbon-cutting ceremony, together with regional, state, and federal officials, as well as Ferrovial Chairman Rafael del Pino, CEO Ignacio Madridejos, and other executives of the company.

“We are proud of our history building projects in North Texas,” Madridejos said. “The visionary leaders in this area have been pursuing congestion relief for many years, and their proactive approach has paid off as the region continues to thrive.”

Representing an investment of more than $1 billion, this 6.7-mile section of I-35W from N. Tarrant Parkway to Eagle Parkway in Fort Worth consists of improvements with the reconstruction of main lanes, expanded frontage roads, and the addition of TEXpress Lanes. The completed project will offer drivers safer, more reliable choices when traveling through the region.

A concession led by Ferrovial subsidiary Cintra financed and designed the new highway system and will operate and maintain this segment along I-35W on behalf of the Texas Department of Transportation (TxDOT). In addition to Cintra, which is the majority stakeholder (53.7%), equity partners include Meridiam (17.5%) and APG (28.8%). Completed three months ahead of schedule, the roadway was constructed by Ferrovial Construction and Webber, also subsidiaries of Ferrovial.

“We are grateful to the Texas Department of Transportation and our other public partners that helped make this project possible,” said Alberto Gonzalez, CEO of Cintra, US. “This is another example of how public administrations and private enterprise can work together to produce transportation solutions that benefit drivers and our communities.”

Through this public-private partnership, the NTE 35W Segment 3C project was constructed at no cost to the state of Texas. As of today, Ferrovial’s total investment in Texas highways amounts to more than $7 billion.

“There is an incredible sense of accomplishment when you complete a major infrastructure project like the rebuilding and expansion of Interstate 35W," said Angel Luis Sanchez, CEO of Ferrovial Construction, US & Canada. "We had over 130 firms working on the project, generating significant economic impact to the region, and were able to complete the project ahead of schedule thanks to the work of our great team."

“Their attention to detail and quality is in line with the high standards Ferrovial sets for its projects,” said Jose Carlos Esteban, CEO of Webber.