C&M Associates, Inc. is a Texas-based corporation founded by local investors and   Cal y Mayor y Asociados, S.C., a premier Latin-American engineering firm with offices and operations in 13 countries
 

C&M's staff has experience providing traffic and revenue (T&R) services in Alabama, California, Colorado, Florida, Georgia, Illinois, Michigan, Mississippi, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Puerto Rico, South Carolina, Texas, and Virginia, as well as Canada, Mexico, and South America.

C&M has performed more than 200 T&R studies for state-wide public clients, toll authorities, and concessionaires, many of which backed debt and/or equity investments. C&M has advised state and national governments with T&R projections and the procurement of Public-Private Partnerships (P3). Specifically, C&M has provided TxDOT, the Virginia P3 office (VAP3), FDOT, and GDOT with advice on the development of P3 projects. 
 

C&M’s reputation and forecast reliability have made it one of the few firms in the United States and Latin-America recognized by transportation and financial communities
 

C&M has interacted with banks lending to private projects, underwriters, rating agencies, monoline insurers, and FHWA's TIFIA program, assisting in the successful financing of $18 Billion in debt plus equity supported by C&M’s studies.

Some of the private developers providing equity in projects that C&M has worked as forecaster or reviewer for include Cintra, ACS, OHL, Globalvia, Skanska ID, Deutsche Bank, and Citi Infrastructure, among others. 


The C&M Team

Carlos Contreras, MBA - President

Carlos Contreras has been involved with the transportation industry in the United States and Latin America since 1994. He has promoted transportation infrastructure projects in the United States, Mexico, and Peru, and he has lead a consortia of international players in the pursuit of transportation projects. As President of C&M since 2004, he is responsible for overall business strategy, execution, and project quality. Since the founding of the firm, Mr. Contreras has overseen contracts with toll authorities such as the North Texas Tollway Authority, Florida’s Turnpike Enterprise, the Hidalgo County Regional Mobility Authority, and the Departments of Transportation of Texas, Virginia, Georgia, South Carolina, Maryland, and Washington State, as well as leading European and Australian Toll Road Concessionaires for the development of Travel Demand Feasibility and Traffic and Revenue Studies in the United States, Canada, and Puerto Rico.


Ali Soroush, PhD - Associate Vice President

Dr. Soroush has 16 years of experience in transportation planning and travel demand modeling for traffic and revenue studies of tolled facilities. Through his Ph.D., he researched stochastic and pseudo-probabilistic volume assignment methods and their applications within static and dynamic transportation network assignments. Presently, he serves as Associate Vice President and manages C&M's Virginia office, supervising all aspects of travel demand modeling. In his most recent task as Project Manager, he took on a very challenging timetable to develop traffic and revenue projections to support the financing of a collection of investment grade P3 projects. He is a professional user of Cube Voyager, Avenue, and Cargo as well as TransCAD, TransModeler, and ArcGIS. He is experienced in designing stated preference surveys and developing toll choice functions to be used within travel demand modeling procedures. He is also experienced in Mesoscopic traffic simulation for projects involving dynamic traffic assignment, congestion pricing, and variable tolling concepts.


Jonathan Pagan, MA - Senior Director

Mr. Pagan has 30 years of consulting and management experience in international highway, rail, and airport infrastructure consulting. He is a traffic and revenue expert specializing in investment grade studies and bond related support. He has managed transit/rail feasibility studies supporting over $20 billion in revenue bonds and other financings, has supported over $5 billion in successful TIFIA applications, and has defended forecasts for auditing by the USDOT Inspector General. He is also highly experienced in presenting findings to the financial community including rating agencies, investor road shows, agency Board of Directors, local government commissioners/supervisors, and expert testimony.

Mr. Pagan’s experience also includes overseas highway appraisal, benefit-cost analysis and traffic advisory roles for public-private partnership (P3) and private sector bids. As a transportation economist, Mr. Pagan has performed original studies, audits, and due diligence for municipal, state, and national governments, multilateral agencies, developers, and investors. Working in more than 15 countries, he is skilled in transportation economics, demand forecasting, and business/investment appraisal. He has prepared official forecasts and other airport consulting roles for airport clients in the U.S. and has a significant portfolio of rail forecasting and rail business appraisal.


Axel Herrmann, MS - Principal Transportation Planner

Mr. Herrmann has 13 years of public and private consulting engineering experience in the fields of travel demand modeling, traffic and revenue analysis of toll roads, traffic and revenue forecast development, and transportation planning for projects in the United States, Europe, and Latin America. He obtained his Master of Civil Engineering (Dipl.-Ing.) in Braunschweig, Germany. His role at C&M as project manager includes the supervision of modeling activities, ranging from the development and analysis of travel demand models to estimating final project traffic and revenue. He is an expert in the use of several travel demand modeling software packages, the design and implementation of traffic data collection programs, traffic forecasting, and statistical data analysis.


Ricardo Pezo, MS - Transportation System Modeler

Mr. Pezo is an experienced international consultant in transportation engineering with a Master of Science in Systems Engineering and a specialization in Land Transportation. He has over 17 years of experience in transport and mobility planning, travel demand modeling, and data collection and analysis. He has worked extensively on urban and regional transportation projects involving toll roads, traffic and revenue forecasts, international border crossings, and various transportation systems such as transit, mass rapid transit (Heavy Rail Transit, Light Rail Transit, Bus Rapid Transit), non-motorized transport, and sustainable transport in the United States and Latin America. Mr. Pezo has extensive experience collecting data for different surveys and for transportation planning analysis. He also has expertise in utilizing specialized software for GIS and transportation network modeling and simulation. He is an advanced user of EMME, and he has given training courses in different countries as a PTV Certified Trainer.


Mitra Navarro, MBA - Business Director

Ms. Navarro has over 12 years of management experience in the fields of marketing, operations, and business development, which includes creating and revising systems and procedures by analyzing operating and human resources practices, recordkeeping systems, forms control, office layout, personnel requirements, and implementing changes as needed. Ms. Navarro also has experience in developing business relations with prospective clients and subconsultants.