Tag Archives: Cintra

SH 130 operator to give up its ownership stake

Another step on the road to bankruptcy. SH 130 Concession Co. filed a bankruptcy reorganization plan Friday that proposes transferring company ownership to its largest lenders, which include the Federal Highway Administration and a group of European banks. The company … Continue reading

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SH 130 operator files for bankruptcy

Boom. A private company that operates part of the Texas toll road with the highest speed limit in the country filed for bankruptcy Wednesday, fewer than three years after the section of the road it oversees first opened. The SH … Continue reading

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SH 130 operator in default

But it’s not default-default just yet. Although the company that built and operates the southern leg of the Texas 130 toll road recently managed to work out a payment extension with its lenders, an investor service that monitors the project … Continue reading

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Company operating SH 130 may default

Oops. The company behind a privately operated Texas toll road that sports the country’s fastest speed limit is dangerously close to defaulting on its debt, according to a credit rating agency. According to a report released this week by Moody’s … Continue reading

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Building speculative privatized toll roads is risky business

Just ask the Texas 130 investors. Moody’s Investor Service has downgraded the credit rating of the private company that built and operates the Texas 130 toll road extension, a rating that could continue to drop unless traffic “aggressively” grows on … Continue reading

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More on that underutilized high speed toll road

More toll road travails. Traffic counts on the new section of Texas 130, released Friday by the Texas Department of Transportation based on newspaper open records requests, show that the tollway southeast of Austin in its first couple of months … Continue reading

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Maybe there are fewer people who want to drive 85 than we thought

Oops. The privately operated section of the Texas 130 tollway south of Mustang Ridge is attracting about half the predicted traffic, according to Moody’s Investor Service, prompting it to investigate downgrading credit ratings for more than $1.1 billion in debt … Continue reading

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85 MPH speed limit officially approved

Ladies and gentlemen, start your engines. The Texas Department of Transportation has approved an 85 mph speed limit for an upcoming 40-mile stretch of Texas 130 from Austin to Seguin. Currently, no road in the country has a posted speed … Continue reading

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Grand Parkway news

From Houston Tomorrow: The Sierra Club lawsuit to stop construction of the proposed SH99 toll road over the Katy Prairie will see its day in court by September,according to KUHF. The Sierra Club filed suit against “the Federal Highway Administration … Continue reading

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