MADRID, 28 Mar. (EUROPA PRESS) –
The Texas Transportation Commission (USA) will force a renegotiation of the concession contract for the SH-288 toll highway, currently owned by the ACS Group and Abertis, given the threat of a termination of the agreement that came into operation in November 2020. as reported by ACS in a statement to the National Securities Market Commission (CNMV).
Specifically, the Commission plans to meet this Thursday to authorize the creation of a transportation corporation and the possible early termination of the concession contract for the Texas highway, of which ACS purchased the remaining 21.62% on April 1, thus becoming the holder of 100% of the capital invested in the project.
Likewise, it has announced that prior to the decision, it will open a six-month period to negotiate a new agreement with the current concessionaire that avoids said early termination and that reflects the interest of the State of Texas and the investor shareholders.
This is one of the most important infrastructure works undertaken in the Houston metropolitan area, which, after its opening to traffic in 2020, contributes significantly to alleviating congestion problems in one of its most populated areas.
