1. Regional Border Economic Development Forum September 3, 2005

2. TTC – Purpose and Need Move people and goods across Texas faster, safer and more reliably Rapid population growth Increase in registered vehicles Increase in international truck traffic Forecasts indicate transportation demand will continue

4. Concentration of Truck Traffic 1998 Texas Truck Flows

5. TTC – Phased Development Plans call for TTC to be developed over the next 50 years or so Built as needed and as private sector funding makes it feasible

6. TTC – Conceptual Development

7. Current Transportation Needs Provide alternative to I-35 - Oklahoma to Mexico/Gulf Coast Element Develop I-69 – Northeast Texas to Mexico element

8. TTC – Priority Routes

9. TTC-35 Milestones Comprehensive Development Agreement July ’03 to November ‘04Reviewed conceptual and detailed proposals from three developer teams December 16, 2004Commission Action and Award March 11, 2005CDA signed with Cintra-Zachry Environmental Study February 2004Official kick-off/Notice of Intent Spring 2004First round of public meetings (26) Fall 2004Second round of public meetings (44) Spring 2005Third round of public meetings (47)

10. TTC-35 Preliminary Corridor Alternatives

11. TTC-35 Environmental Study Continues Preliminary alternatives to be narrowed to preferred corridor alternative Fall 2005 – Public hearings to get comments on the preferred corridor Spring 2006 - Expected completion of Initial environmental study Additional studies needed to determine route and authorize construction

12. TTC-35 Schedule – Two Concurrent Processes CDA Process Select Long-term Partner (Dec. 16 ‘04) Initial Scope of Work Facility Development Project 1 Project 2 Project 3 Environmental Process Tier One (Ongoing) Project 1 Tier Two Project 2 Tier Two Project 3 Tier Two

13. TTC-35 CDA Contractual Relationship TxDOT Passenger Rail Truck Toll Roads Freight RailToll RoadsUtilities Private Sector Developer (Master CDA Contract) Master Planned Projects Independent Facility Agreements * Facility 1 - DBOM Facility 2 - DBFO Facility 1 - DBB Facility 2 - DBFO Facility 1 - DB Facility 2 - DBFO Facility 1 - DBB Facility 2 - DBFO Facility 1 - DB Facility 2 - DBFO * Separate Contracts. Some Negotiated with Developer and Others Publicly Procured.

14. Cintra, Concesiones de Infraestructuras de Transporte, S.A. (Spain) Zachry Construction Corp. (San Antonio, TX) Cintra-Zachry Team Ferrovial-Agromán Earth Tech, Inc. PriceWaterhouseCoopers JP Morgan Securities Bracewell & Patterson Pate Engineers, Inc. Aguirre & Fields LP Rodriguez Transportation Group OTHON, Inc. Railroad Industries Incorporated Amey Mercator Public Resources Advisory Group Southwestern Capital Markets National Corporate Network HRM Consultants

15. Highlights of Cintra-Zachry Proposal A 50-year partnership with near, mid, and long term projects to develop the Trans-Texas Corridor from Oklahoma to Mexico Anticipates over $6 billion in near-term transportation construction projects Anticipates a payment in excess of $1 billion to TxDOT for additional transportation projects within the Corridor Negotiate the right to operate and collect tolls for up to 50 years

16. Highlights are Conceptual All proposed Facility alignments, locations, financing, and schedules shown in the following slides are conceptual and subject to the following: –NEPA process and public input –Environmental approvals –FHWA approvals –TxDOT review and approvals –Final traffic and revenue forecasts and financial modeling

17. Near-, Mid-, and Long- Term Facilities Conceptual SH 130 – Segments 5 and 6 Dallas Southeast Connector Dallas Northeast Connector Georgetown to Temple Temple to Dallas SE Connector San Antonio Southeast Loop UP Railroad Relocation (MoPac) IH 10 Expansion, Seguin to San Antonio SE Loop SH 130 – Segments 1 to 4 Near Term (2005 – 2010) Mid Term (2010 – 2025) Long Term (2025 - ) San Antonio to Rio Grande Valley Dallas to Austin Freight Rail Dallas to Austin High Speed Rail Austin – San Antonio High Speed Rail Forth Worth Southwest & Northwest Connector

18. 20052006200720082009201020112012201320142015 Toll Road – S. of Austin to San Antonio Toll Road – S. of Dallas to E. of Dallas Toll Road – E. of Dallas to N. of Dallas Initial Toll Road – Georgetown to Temple Scope Toll Road – Temple to S. of Dallas of Work Toll Road – S. of San Antonio to E. of San Antonio Railroad Relocation Project – Central Texas Proposed Cintra Near-Term Facilities Estimated Construction and Right of Way Costs* ► $ 710,000,000 ► $ 1,793,000,000 ► $ 775,000,000 ► $ 986,000,000 ► $ 1,694,000,000 ► $852,000,000 ► $489,000,000 *Estimates are subject to the environmental process and final terms.

19. Proposed Cintra Near-Term Facilities Concession Fees* 20052006200720082009201020112012201320142015 Toll Road – S. of Austin to San Antonio Toll Road – S. of Dallas to E. of Dallas Toll Road – E. of Dallas to N. of Dallas Initial Toll Road – Georgetown to TempleScope Toll Road – Temple to S. of Dallasof Work Toll Road – S. of San Antonio to E. of San Antonio Railroad Relocation Project – Central Texas ► $ 36,700,000 ► $ 580,000,000 ► $ 407,900,000 ► $ 116,300,000 ► $ 32,300,000 *Estimates are subject to the environmental process and final terms.

20. I-69/TTC - Milestones Background ISTEA and TEA 21Designated as Congressional High Priority Corridor (Port Huron, Michigan to Texas/Mexico border) 1998FHWA approval for environmental streamlining 2000I-69 national corridor divided into 32 subsections 2001TxDOT selects engineering consultant Environmental Study January 2004Official kick-off/Notice of Intent Spring 2004 First round of public meetings (11) Spring 2005 Expanded study area

21. I-69/TTC – Expanded Study Area

22. I-69/TTC – Environmental Study Continues Identifying reasonable corridor alternatives is ongoing Summer 2005 – Public meetings to get comments on the reasonable corridor alternatives Winter 2005 - Identify preferred corridor alternative based on comments from previous public meetings Spring 2006 – Public hearings to get comments on the preferred corridor Winter 2006 - Expected completion of initial environmental study Additional studies needed to determine route and authorize construction

23. I-69/TTC Comprehensive Development Agreement It will likely be modeled after the CDA for TTC-35 No proposals have been submitted

24. Trans-Texas Corridor Questions and Discussion

25. Amadeo Saenz, Jr., P.E. Assistant Executive Director Engineering Operations 125 East 11th Street Austin, TX 78701-2483 Phone: (512) 305-9504 FAX : (512) 463-0283 Contact Information