DALLAS - The Spanish toll-road developer known as Cintra has closed on its first deal in Texas with a $1.36 billion agreement to build State Highway 130 near Austin.

"This financial achievement on the part of our team is especially noteworthy given the current constriction in the financial markets," said Jose Maria Lopez de Fuentes, Cintra's Austin-based director for the United States.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.