When toll road traffic flows fall short

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机构
[1] Parsons, Jim
[2] Rubin, Debra K.
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| 2016年 / McGraw-Hill Companies卷 / 275期
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Roads and streets;
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摘要
The bankruptcy of the first public-private highway venture in Texas has put a new focus on the inexact science of traffic-flow projections. The debate over the risks of toll-road revenue forecasting will continue in Texas and other forums, as the private-sector concessionaires of the state Highway 130 sections in default have turned over ownership to lenders. SH 130 Concession Co., operators of the 41-mile southern section of the state-owned Highway 130 toll road between Austin and San Antonio, have filed for Chapter 11 protection in US Bankruptcy Court in San Antonio in 2016, with a reported debt of more than $1.6 billion.
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