96° F
Partly Cloudy
Partly Cloudy
91° F
Light Rain
Light Rain
San Angelo
97° F
Partly Cloudy
Partly Cloudy

85-mph Texas toll road revenue falls short of need

Published On: Apr 06 2013 05:36:46 PM CDT
Texas News - spotlight

(AP) - A Texas toll road with an 85 mph speed limit - the fastest in the country - has drawn about half the number of drivers expected in its first months of operation.
Moody's Investor Service says that performance is poor enough that the private company that built it faces a downgrading of its credit rating.
The San Antonio Express-News (http://bit.ly/141lFg4) reports state figures obtained under the state open records law show the Texas 130 toll road generated almost $2.6 million in revenue in the first six weeks after it opened.
Moody's says its operator, the SH 130 Concession Co., must raise toll revenue or face a tough time making future debt payments.
The road crosses a largely rural area between Interstate 10 in Seguin and a road south of Austin.