SH 130

Bob Daemmerich/Texas Tribune

From the Texas Tribune: A private company that operates part of the Texas toll road with the highest speed limit in the country filed for bankruptcy Wednesday, fewer than three years after the section of the road it oversees first opened.

Four decades ago, Austin, Texas, had a population of 250,000 and a reputation as a laid-back oasis of liberal politics and live music. Today, the Austin metro area is home to 1.8 million people and has some of the nation's worst traffic congestion.

For years, the city has done little to address the growing problem. But most in the Texas capital now agree something has to change if Austin is to save what's left of its quirky character.

www.flickr.com/jczart

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.

Filipa Rodrigues/KUT News

It’s no secret Interstate 35 congestion takes a toll on Austinites.

Out of a list of Texas’ 100 most congested roadways, the portion of I-35 running through central Austin is the fourth most congested in the state. Meanwhile, State Highway 130, out east of I-35, is open for business.

courtesy SH 130 Concession Co.

If you drive on I-35, state transportation officials hope you’ll see fewer big trucks next month than you do today.

The state Transportation Commission approved a substantial toll reduction for 18-wheelers that circumnavigate the city on the Texas 130 and Texas 45 toll roads. Instead of paying $33 to bypass Austin, trucks will pay $11 or less.

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