Overpriced Toll Roads Going Bankrupt?


“The bankruptcy filing by Cintra should have no effect on travelers who use SH 130, the taxpayers or the State of Texas. Cintra assumed the risk to finance, build and operate the section of SH 130 south of US 183 to I-10,” wrote Texas Senator Kirk Watson, D-Austin, in a statement to KXAN News. “Traffic and revenue on that part of the road hasn’t reached projected levels and Cintra has taken the hit, not taxpayers. Use of that section will continue to grow and be there as drivers have more need of it.”

The most overpriced stretch of road in the country is the segment from Austin North to Georgetown. I use that stretch of road because it is faster, not because the price is reasonable. If Cintra can’t stay in business with those prices, then the state should come up with a way to do it themselves.

Also, the specific section of road in question, to Seguin South of Austin, isn’t tolled at all. Not tolled and three lanes of clear asphalt both directions to and from I-10. Best drive to be had in Texas these days, so get your driving gear on and have a great day tooling through remote sections of Texas as if they need six-lane highways there. Do it before maintenance failure destroys the smooth surface and requires you to reduce your speed below 85 miles an hour in order to reduce wear and tear on your suspension.

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Central Texas Toll Roads

Roads that have already been paid for by taxes (or are being paid for by tax funded bonds) belong to the taxpayers of Texas. They are our roads, not to be given to a third party at the whim of a governor who has overstepped his authority in this matter. They are our roads, built as freeways, for the use of Central Texans; they are not revenue generators serving the greater goals of the Trans-Texas Corridor.

If the residents of Central Texas wish to alter the method by which roads are paid for, I’m quite certain we are capable of presenting a question to the voters concerning tolling roads in lieu of further taxes. This is not what has happened. Roads that we have already paid for have been given to a for profit foreign company to manage. This is unacceptable.

If the residents of Central Texas wished to sell our roads to a management company to maintain, that would be our business. The sale of said roads would be used to retire bonded debt associated with the roads. This also has not happened.

What has happened is bureaucrats with more perceived authority than actual sense acted to sell-out Central Texas residents in exchange for lucrative deals that profit themselves and their families. This must not be allowed to continue.