San Antonio Express-News (subscription may be required) takes a look at how the SH 130 project “went south.” The state’s first P3 toll road was approved in 2006. As the newspaper reports, “Less than a decade later, Cintra and Zachry plan to walk away from the project and hand their bankrupt joint venture, SH 130 Concession Co., to its lenders. The company owes federal taxpayers more than a half-billion dollars and is engaged in a years-long dispute with TxDOT about maintenance and construction problems on the sparsely traveled road. And so far, it has paid the state only about $3 million in toll revenue.”
