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Associated Press' Fact Check Error

The Associated Press released analysis of a Texas gubernatorial campaign ad on October 15, 2006, and erroneously stated that Spain-based Cintra holds a 65-percent equity position in Cintra Zachry LP. That's wrong.

The correct equity position is 85-percent with Zachry Construction holding the small 15-percent equity balance. Zachry holds a larger 35-percent position in their collaboration with Cintra on SH-130 segments 5 and 6.

Associated Press also questioned the claim, "largest land grab in Texas history." The AP compares the 4,000 miles of the TTC to 41,755 miles of Texas farm-to-market roads (1946-1989). In doing so they miss the glaring difference of added land being taken for utilities, rail and other purposes. Land taken for farm-to-market (and ranch-to-market) roads range typically from 60-feet to 90-feet in width and many were constructed where roads had already existed. The TTC, with a width of 1,200-feet, requires 13 to 20 times more land than a farm-to-market road. All the farm-to-market roads built over the last 50-years do not consume anywhere near as much land as the TTC.

Cintra, S.A.
Zachry Construction
Cintra Zachry LP
 
 
 
 
 
       

This Page Last Updated: Wednesday January 10, 2007

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