Austin to Seguin at 85 purr...
In
2011, the Legislature gave TxDOT the authority to grant an 85 mph
speed limit to roads designed to accommodate that speed. Last week,
following engineering and traffic studies conducted by TxDOT, the
Transportation Commission authorized speed limits of up to 85 mph on
the road.
The
new stretch of Texas 130 (known officially as Segments 5 and 6)
is being built by a private consortium led by Spanish-based toll road
firm Cintra. The firm has spent $1.3 billion to design and build
the road and collect the tolls on the road for 50 years, though TxDOT
retains ownership of the road. Under TxDot's contractwith the SH 130 Concession Company, the firm had to
pay TxDOT an extra $67 million if the new road received an 80
mph speed limit. If the road received the coveted 85 mph speed limit,
TxDOT’s bonus jumped to $100 million.
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