BRADENTON, Fla. - The Spain-based developer that won a contract to build the Florida Department of Transportation's first public-private partnership said banks oversubscribed to become part of the historic deal, an accomplishment itself in a U.S. industry typically relying on bond financing.

The DOT last Tuesday closed on the $1.8 billion concession contract to build the Interstate 595 project in Broward County with ACS Infrastructure Development Inc. as the main sponsor and equity partner.

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