About SH 130 Concession Co.

Keeping Central Texas Moving

The only American-owned toll road concession in the U.S., Texas-based SH 130 Concession Company operates and maintains the southern 41 miles of State Highway 130 south of Austin through a long-term public-private partnership with the State of Texas.

Extending from just north of Mustang Ridge at SH 45SE to I-10 in Seguin, SH 130 segments 5 & 6 connect to the northern segments of SH 130 that begin in Georgetown, forming a 91-mile safe, fast and reliable alternative to congested I-35 through Central Texas. Opened in 2012, the $1.35 billion facility was built and financed by the SH 130 Concession Company, which operates and maintains the roadway under the terms of a 50-year Facility Concession Agreement with the Texas Department of Transportation (TxDOT). TxDOT oversaw all right of way acquisition procedures, and the State of Texas is the record titleholder to all of the right of way and roadway acquired for this project.

Connecting the booming Austin and San Antonio metro areas, the southern section of SH 130 serves as a critical artery in the region’s transportation network as well as a key freight corridor for goods traveling between the southern U.S. border and the heart of North America. The southern section of SH 130 offers the nation’s highest speed limit of 85 mph. The well-maintained roadway provides a safe, stress-free driving experience, delivering drivers to their destinations within 10 minutes of their expected drive time, 99% of the time. SH 130 Concession Co. has invested more than $160 million in roadway improvements in recent years to enhance safety, improve the driving experience and prepare for future growth. The roadway maintains excellent asset condition scores from TxDOT and a driver satisfaction rating of over 90%.

SH 130 at Work

Our Story

Founding and Construction (2007–2012)

SH 130 Concession Co. was formed to design, build, finance, operate, and maintain segments 5 & 6 of State Highway 130 — a 41-mile tolled highway connecting the Austin and San Antonio metropolitan areas.
The $1.35 billion project was structured as a 50-year public-private partnership with the Texas Department of Transportation (TxDOT), making it the first privately developed highway in Texas.
SH 130 Concession Co. built the roadway at no cost to the State of Texas, which owns the title to the road.
Segments 5 & 6 opened to traffic in October 2012, featuring the nation’s highest posted speed limit at 85 mph.

Ownership and Financial Restructuring (2016–2017)

The project was originally developed by a joint venture between Cintra, a Spanish infrastructure firm, and San Antonio-based Zachry American Infrastructure.
After traffic revenues fell below initial projections, SH 130 Concession Co. filed for Chapter 11 bankruptcy in 2016.
The company completed a financial restructuring in 2017 when U.S.-based Strategic Value Partners became the majority owner of the project and the federal government assumed a minority ownership stake. Cintra and Zachry have held no ownership stake since 2017.
Neither the bankruptcy proceedings nor the restructuring had a financial impact on the state or TxDOT.

Operations Under New Ownership (2017–Present)

Since the restructuring, SH 130 Concession Co. has invested more than $160 million in roadway improvements to enhance safety, improve driving conditions, and prepare the corridor for future growth. Most of these improvements were completed in 2019.
Since then, traffic has increased 86% with more than 14.4 million transactions completed on segments 5 & 6 in 2025. Heavy truck traffic has grown nearly 130% since 2019, driven by rising international freight volumes, new commercial development along the corridor, and increased local deliveries to growing communities such as Seguin and Lockhart.
The southern section of SH 130 remains congestion free and one of the safest major highways in Texas. Drivers on SH 130 are 80% less likely to experience a crash than those traveling I-35 between Austin and San Antonio, and the road delivers drivers to their destinations within 10 minutes of their expected drive time 99% of the time. The road maintains excellent asset condition scores from TxDOT and a driver satisfaction rating above 90%.

What’s Happening on SH 130

Economic Development Press Coverage

Development at Red Oak’s Lockhart mini-city progressing, Seguin up next
May 12, 2026

As work on the first 400-lot phase of its Lockhart project continues, Red Oak is focused on keeping the development momentum going in the 2,500-home neighborhood and in Seguin.
Freight Press Coverage

SH 130 to Become Test Route for New Driverless Freight Trucks
March 24, 2026

The future of freight is speeding toward reality quicker than you might think, and it’s happening right in Austin’s own backyard.
Freight Press Coverage

Borderlands Mexico: As I-35 Traffic Worsens, SH 130 Courts Cross-Border Trucks
February 1, 2026

As congestion worsens along Interstate 35 and cross-border trade with Mexico continues to expand, SH 130 Concession Co. is intensifying efforts to attract more commercial trucks onto its 41-mile tolled stretch of State Highway 130 between Austin and San Antonio.

All Articles

Frequently Asked Questions

SH 130 is a publicly owned highway with the State of Texas as the title holder of record. Segments 5 & 6 — the 41-mile southern section from Mustang Ridge to I-10 near Seguin — are privately operated and maintained by SH 130 Concession Co. under a 50-year Facility Concession Agreement with TxDOT. SH 130 Concession Co. built the roadway at no cost to the state, and TxDOT did not invest any state funds into the Segments 5 & 6 project. TxDOT oversaw, but did not pay for, the acquisition of all required right of way and roadways. Under the concession agreement, the state retains ownership of the road and receives a share of toll revenue, meaning growing traffic on SH 130 directly benefits Texas taxpayers and drivers.
U.S.-based Strategic Value Partners is the majority owner of SH 130 Concession Co., which is headquartered in Central Texas. The U.S. federal government also holds a minority ownership stake, acquired through the company’s 2017 financial restructuring. The company was originally built and operated by Cintra, a Spanish company, and Zachry American Infrastructure, but neither has held any ownership stake since 2017.
No. The SH 130 toll road is owned by the State of Texas. Texas-based SH 130 Concession Co., which operates and maintains Segments 5 & 6 under a concession agreement with TxDOT, has been majority owned by Strategic Value Partners, a U.S.-based investment firm, since 2017.

The road was originally built and operated by Cintra, a Spanish company, and Zachry American Infrastructure, but neither has held any ownership stake since 2017.
SH 130 Concession Co. filed for Chapter 11 bankruptcy in 2016 after traffic revenues fell short of early projections. The company completed a financial restructuring in 2017, emerging under new U.S.-based ownership with $260 million in new financing and stronger financial footing. Neither the bankruptcy proceedings nor the restructuring had a financial impact on the state or TxDOT. Since the restructuring, the new owners of the company have invested more than $160 million in roadway improvements, traffic has grown consistently year over year, and the road maintains a driver satisfaction rating above 90%.
SH 130 is a state-owned highway. SH 130 Concession Co. is the private company that operates and maintains Segments 5 & 6 (the southern section) from Mustang Ridge to I-10 near Seguin under a long-term concession agreement with TxDOT. Under this agreement, the company is responsible for day-to-day operations, maintenance, and capital improvements, while TxDOT retains ownership of the road and receives a share of toll revenue.

TxDOT directly operates and maintains Segments 1–4 (the northern section) of the SH 130 toll road between Austin and Georgetown.