Spanish firm Ferrovial on Wednesday inaugurated segments 5 and 6 of Texas's State Highway 130, which links the cities of Austin and San Antonio.

The Spanish company's construction unit, Ferrovial Agroman, built the road in a 50-50 consortium with Zachry American Infrastructure with a budget of 747 million euros ($968 million). The project created more than 3,600 direct jobs.

Ferrovial said in a statement Wednesday that it will operate those two sections of SH130 for the next 50 years through Cintra, its toll road subsidiary.

The consortium led by Ferrovial was awarded the contract to design, build and operate those segments of SH130 through 2062, the statement added, noting that the project was built as a public-private partnership with an investment of roughly 1 billion euros ($1.4 billion)

Sections 5 and 6 of SH130 cover 64 kilometers (41 miles) of toll road between Mustang Ridge, southeast of Austin, and the Interstate 10 interchange in Seguin, northwest of San Antonio.

The highway will serve as an alternative to the most congested section of I-35 and "will absorb the increase in heavy vehicle traffic arising from economic growth in Texas," Ferrovial said.

The SH130 will be the first highway in the United States with a speed limit of 136 kph (85 mph).

"Drivers will be able to maintain this speed (throughout segments 5 and 6 of the highway) since the electronic tolling system installed by Cintra eliminates the need for toll plazas," the statement said. EFE