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Bracewell & Giuliani Advises North Tarrant Express Mobility Partners On Bond Financing Of North Tarrant Express

December 17, 2009

HOUSTON – Bracewell & Giuliani LLP advised North Tarrant Express Mobility Partners (NTEMP), established by Cintra Infraestructuras S.A.U., Meridiam Infrastructure and the Dallas Police and Fire Pension System on the financing for the North Tarrant Express.

The financing includes $400 million in senior debt, to be issued as private activity bonds (PABs); $650 million in TIFIA credit; and a government grant of $570 million. The TIFIA financing closed December 16, 2009 and the remaining financing closed December 17, 2009. The PABs have a 30-year maturity and the TIFIA debt has a 40-year maturity.

Bracewell attorneys that advised on this matter include:

Partners: Thomas O. Moore and Nancy Jo Nelson

Associates: Melanie L. Samadi, Lisa A. Smith and Michael C. Yates