SAN ANTONIO - - 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 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.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.