Texas Public Radio » Texas lawmakers discuss the pros and cons of tolling, and considers eliminating toll roads from over 80,000 miles of state-managed roadway across the state. Texas Highway 130 (SH 130) toll revenue did not meet expectations and declared bankruptcy. The Texas Department of Transportation’s (TxDOT’s) Director estimates the state’s debt on all its toll […]
The Texas Tribune » The SH 130 Concession Company was awarded Texas’s first highway public-private partnership (P3) contract to build and operate a 41-mile stretch of the State Highway (SH) 130 toll road in exchange for a portion of the toll revenue for 50 years. Just three years after opening their section of SH 130, the […]
NWI.com » Documents filed in bankruptcy court reveal top executives could share a multimillion dollar incentive pool if the Indiana Toll Road is sold. The Indiana Toll Road Concession filed bankruptcy in September 2014 on more than $6 billion in debt.
Reuters » Several private consortia have been formed with intent to bid on the Indiana Toll Road (ITR) following the bankruptcy filing by the Indiana Toll Road Concession. An auction for the ITR will begin in late October 2014.
Bloomberg » Eight years after a private corporation paid $3.8 billion for the right to operate and collect tolls on the Indiana Toll Road, the Indiana Toll Road Concession Co. has declared bankruptcy on $6 billion in debt to various lenders plus $2 million to local road construction contractors and others.
Examiner » Article examines issues facing State Highway 130, a privately-operated tollway in Texas currently operated by Spain-based Cintra. When it first opened the tollway faced intense skepticism as local residents cringed at the idea of putting state sovereignty over its public infrastructure to a private entity. There was also outrage when Texas DOT raised the […]