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Posts Tagged ‘SH 130’

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, […]