SH 130 Concession Company Petitions Bankruptcy Court for Ownership Change

San Antonio Express-News reports, “The private operator of Texas 130, a high-speed toll road east of San Antonio, plans to give up on the debt-laden highway just four years after it opened. SH 130 Concession Co. [a Cintra-Zachry partnership] filed a bankruptcy reorganization plan Friday [August 12] that proposes transferring company ownership to its largest lenders, which include the Federal Highway Administration and a group of European banks. . . . The reorganization plan proposes that SH 130 Concession Co., under its lenders’ ownership, would continue to operate and maintain the road.” [Link added.]

Austin American-Statesman reports, “The southern 41 mile-stretch of the Texas 130 toll road is coming under new ownership, but it’s too soon to say whether drivers will notice any difference.”