Selected toll-road research / reviewed 2026-10-22
North Tarrant Express 35W
A separate project company and capital stack from NTE 1 & 2W.
Ownership & control
01 / Public title & project rights
The asset and the business are different claims.
State of Texas / TxDOT public title; NTE Mobility Partners Segments 3 holds concession rights.
Scope of this record
I-35W Segments 3A, 3B and 3C. Staged works do not imply three independent concessions.
Public highway title retained by Texas
Snapshot 2026-10-22Executed facility agreement; project title and handback provisions ↗Finite concession and toll-revenue rights
Snapshot 2026-10-22Executed agreement and amendments; termination year separately sourced ↗Operation and maintenance under concession
Snapshot 2026-10-22Executed agreement ↗Public agreement oversight; pricing and enforcement are contract-specific
Snapshot 2026-10-22CDA / facility agreement ↗NTTA collection services; no transfer of concession ownership
Snapshot 2026-10-22Slide 41 ↗Reported project-company equity; affiliate-level chain not fully enumerated
Snapshot 2026-07-31Slide 32 ↗Reported project-company equity; affiliate-level chain not fully enumerated
Snapshot 2026-07-31Slide 32 ↗Reported project-company equity; affiliate-level chain not fully enumerated
Snapshot 2026-07-31Slide 32 ↗Project financing claims; security holders not inventoried
Snapshot 2025-12-31Slides 43–45; amounts as of December 2025 ↗TIFIA creditor, distinct from equity
Snapshot 2025-12-31Slide 45 ↗Financial record
Project bonds, TIFIA and facilities. Revenue sharing and financing restrictions constrain shareholder distributions.
| Metric / period end | Reported value | Basis & evidence |
|---|---|---|
| Sponsor-reported project debt2025-12-31 | $1,598,000,000 | sponsor-reported project debt, rounded USD millionsSlide 45 ↗ |
Public audited carrying values and rounded sponsor-reported project debt use different definitions. No statewide total, leverage ranking or return estimate is calculated.
Historical changes
The reported concession termination year is 2061. The Atlas records year precision; it does not invent a day or month.
Table 4, PDF p7 · termination year ↗No historical changes have been verified for this profile in this release.
Evidence for this profile (3 records)
- TxDOT North Tarrant Express executed agreements ↗
Separate Segments 1/2W and Segments 3A/3B/3C documents
Reviewed 2026-10-22 · Primary source reviewed - Ferrovial Fact Book 2026, July 31 amendment (SEC exhibit) ↗
Slides 32 (equity and terms), 43–45 (financing). Sponsor disclosure, not a public-authority audit.
Reviewed 2026-10-22 · Primary source reviewed - TxDOT FY2025 HB 803 toll-project report ↗Reviewed 2026-10-22 · Original PDF retrieved and checked in this release
Geography: Region anchor is an editorial locator. It is not a facility coordinate, alignment or asset boundary. Reviewed 2026-10-22. Source dates and financial periods are stated separately.