The 85 mile-per-hour toll road that connects Austin with San Antonio is getting less traffic than planners hoped for.
In turn, Moody’s Investor Service lowered the credit rating of Cintra, the company that operates SH 130 toll road, by four grades. Moody’s says unless traffic increases significantly, the credit rating will continue to fall.
The new Texas State Highway 130 toll road extension is now open and charging motorists to enjoy it’s privatized asphalt while pushing their speedometers to 85 mph. It’s the fastest stretch of legal driving in the nation.
Also known as the Pickle Parkway, it’s the first public-private partnership highway in Texas, but according to opponents the partnership allows the private company to shoulder very little risk, and instead puts taxpayers on the line to pay for such risks as uncollected tolls.
After a toll-free trial run, State Highway 130 has begun charging motorists to use the Seguin-to-Austin 85 mile-per-hour highway. Texas Uniting for Reform and Freedom (TURF) is urging drivers to boycott the fastest highway in the United States.
With the $13 one-way toll now in effect on SH 130, going to Austin from Seguin and back could cost you almost half a tank of gas.