SH 130 CONCESSION CO. STATEMENT ON PROPOSED REORGANIZATION
SH 130 Concession Company, LLC, the private entity that operates and maintains the southern sections of the State Highway 130 toll road, has filed a reorganization plan as part of its ongoing Chapter 11 proceedings.
The proposed plan calls for restructuring the company’s outstanding debt in order to provide financial stability for the project.
About SH 130 Concession Company
SH 130 Concession Co. operates and maintains Segments 5 & 6 of SH 130 from Mustang Ridge to Seguin, Texas. The 41-mile section of the toll road immediately south of Austin offers a speed limit of 85 MPH — the highest in the United States. The road is owned by the Texas Department of Transportation, which has leased the facility to SH 130 Concession Co. for 50 years.
For more information contact Kate Miller Morton at 512-922-6277.