Off the Kuff Rotating Header Image

Posts Tagged ‘SH 130’

Lone Star Rail: Not dead yet

Just a flesh wound, actually. The decision by Union Pacific to end its working relationship with Lone Star Rail District (LSRD) in February, was a blow in efforts to develop a passenger rail line between San Antonio and Austin. But in a special meeting Friday in San Marcos, district directors reaffirmed their commitment to find […]

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 130 Concession Company, a partnership between Spain-based Cintra and San Antonio-based Zachry American Infrastructure, opened […]

Lone Star Rail setback

Bummer. Union Pacific dealt a major blow to a proposal to connect San Antonio and Austin with passenger rail by pulling one of its tracks from a possible plan. UP ended its agreement with the Lone Star Rail District to study the feasibility of running passenger trains on a freight line that parallels Interstate 35. […]

Why that empty private toll road has been so empty

Someone did a study to try to answer that question. In the Austin area, more than 220,000 vehicles travel on I-35 on a daily basis. In contrast, SH 130, the tolled bypass around Austin only carries 40,000 vehicles daily. Why do more vehicles choose the I-35 route? What would make travelers, particularly big trucks, more […]

On driving the empty private toll road

Robert Rivard takes a ride on the lonely private toll road SH 130. Let me explain: SH 130, completed in October 2012, runs from an intersection just east of Seguin on I-10 to an intersection just north of Georgetown on I-35, allowing north-south traffic to avoid Austin’s congestion. My wife and I took it in […]

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 still considers it in default. Moody’s Investor Service issued a report last week, saying SH […]

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 Investors Service, the SH 130 Concession Company, which operates the 41-mile southern portion of State […]

Maybe there’s a problem with building roads where there are no drivers

The high speed toll road keeps having problems relating to not having enough paying customers. SH 130 has not been the immediate success story its backers had hoped. Last week, lower-than-expected traffic revenue prompted credit ratings firm Moody’s Investors Service to severely downgrade the SH 130 Concession Company’s debt and warned that a default may […]

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 the road in the next two years. Moody’s issued the rating April 12 after putting […]

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 was seeing fewer than 3,000 vehicles a day. About 5 percent of those were big […]

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 attached to the toll road. […] TxDOT’s contract with the concession company lays out complex […]

“Please don’t mow down the wildlife”

As we know, the new 85 MPH toll road is now open, and while it is largely free of traffic, there are other obstacles to watch out for. “That is a known pig route,” said Caldwell County Precinct 1 Constable Victor “Smitty” Terrell, who heard one of the hog-vs.-vehicle crashes on his police radio Wednesday […]

The 85 MPH toll road is now open

So far, it seems like the only people on the newly-opened 85 MPH Texas 130 toll road are reporters writing about what it’s like to legally drive that fast. About an hour after road workers removed the hundreds of bright orange cones blocking the entrances and exits to the new State Highway 130 toll road, […]