Hawkins serves as Special Counsel to the United States Department of Transportation in Connection with Two Texas P3 Toll Road Projects totaling $ 4.9 billion


The North Tarrant Express project and the LBJ IH-635 project together represent $ 1.5 billion in secured loans from USDOT to the CINTRA led concessionaire teams. The financing for these projects involved using all available tools including the Transportation Infrastructure Finance and Innovation Act loans. The TIFIA secured loans, negotiated by Hawkins, were each subordinate to over $ 1 billion in private activity bonds issued tax-exempt in the public markets. As in all TIFIA transactions, the USDOT secured loan features a “springing lien” requirement whereby upon the occurrence of a bankruptcy like event the USDOT security springs to parity with senior debt on the transaction. The North Tarrant Express component represented the first public pension equity component for public project finance in the U.S. The project includes managed toll lanes in the median of existing untolled highway, while the Interstate-635 redevelopment will improve the loop around Dallas that is also known as the Lyndon B. Johnson Freeway.

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