State Highway 130 Segments 5&6

State Highway 130 Segments 5&6 (SH130 5&6) is a new 40-mile toll road in central Texas that will be designed, built, owned and operated by the SH130 Concession Company over a period of approximately
55 years. The Highway will connect the Interstate Highway 35 near Georgetown (north of Austin) to Interstate Highway 10 at Seguin (east of San Antonio), creating a streamlining of road services for Texans and larger freight based businesses.

Project update

The Final Notice to Proceed, which allowed the detailed design and Right of Way acquisition to commence, was officially issued by Texas Department of Transport (TxDOT) effective 12 November 2007.

The major milestone for the past financial year has been the project reaching financial close on 7 March 2008. A debt financing package was agreed that includes US$685.6 million of 30 year senior debt and approximately US$480 million of 40 year federally subsidised Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA) loans.

The financing was completed on attractive terms, which is a significant achievement given the current state of global debt markets.

Right of Way acquisition and detailed design work are progressing in line with expectations. Construction is on track to commence on or before the August 2009 deadline set out in the Concession Agreement with TxDOT. The road is expected to be opened to traffic in November 2012.