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SH 130 Toll Road Operator Close To Default

Updated: Thursday, June 19 2014, 08:19 PM CDT

The private company that runs part of SH 130 is scrambling to avoid a looming default.

SH 130 Concession Company operates the toll road from Mustang Ridge down to I-10 just outside San Antonio.

On Thursday, the credit rating agency Moody's Investor Service said the company could miss a debt payment at the end of the month.

The road opened just two years ago and has struggled to attract drivers.

The concession company is working with lenders to restructure its debts.

If it fails control of the toll road would likely revert to the state.

SH 130 Toll Road Operator Close To Default


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