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Sh 130 Facility Concession Agreement
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The SH 130 facility concession agreement is a topic that has been making rounds in the media lately. It is an agreement between the Texas Department of Transportation (TxDOT) and a private consortium, the SH 130 Concession Company LLC, for the operation and maintenance of the SH 130 toll road. This agreement has attracted attention for its implications on the state`s transportation infrastructure and its potential impact on the public.
The SH 130 facility concession agreement was signed in 2007 and was supposed to last for a period of 50 years. The agreement granted the SH 130 Concession Company LLC the exclusive right to operate and maintain the 41-mile-long SH 130 toll road that runs from Georgetown to Seguin, Texas. This toll road was intended to provide an alternative to the congested I-35 corridor, and was built with the help of private investment. However, the road did not attract enough traffic to meet revenue targets, and the private consortium began to struggle financially.
In 2016, the SH 130 Concession Company LLC filed for bankruptcy, and the agreement was terminated. The toll road was then taken over by TxDOT, which now operates and maintains the road. This has sparked a debate about the role of private investment in public infrastructure projects and the risks associated with such investments.
As a professional, it is important to note that the SH 130 facility concession agreement is a topic of interest for people searching for information about transportation infrastructure in Texas. It is important to use relevant keywords and phrases in the article, such as “SH 130 toll road,” “Texas transportation infrastructure,” and “private investment in public infrastructure.” Additionally, including links to relevant sources and providing accurate and concise information about the agreement will help to improve the article`s SEO ranking and provide readers with valuable information about this important topic.
In conclusion, the SH 130 facility concession agreement is a topic of interest for people following developments in the transportation infrastructure of Texas. The agreement highlights the risks and benefits of private investment in public infrastructure projects, and its termination has sparked a debate about the role of the private sector in the provision of public services. As a professional, it is important to use relevant keywords and phrases and provide accurate and concise information to help readers find and understand the article.