Tag Archives: Cintra Bankruptcy

Spain-based Cintra’s SH-130 Toll Road, First and Only Leg of Trans-Texas Corridor, Goes Bankrupt

When it opened back in 2012, SH 130 had long been the poster child of Rick Perry’s failed toll road policies. At one point, the state-operated part of the tollway was so empty a distressed plane landed on it during peak hours. Lawmakers saddled Texas taxpayers with billions in debt and they hid it from the normal, open, public budgetary process. In other words, Texas lawmakers have balanced the budget, in part, because they have issued billions of taxpayer backed subsidies for private toll road companies, while hiding the costs from taxpayers and increasing costs and risks for taxpayers in the long term. Continue reading

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