Transportation
Texas Takes Step to End Lucrative Houston Tollway Contract
- Spain’s ACS holds 52-year concession to key managed lanes
- Toll revenues are ‘shooting through the roof’: state senator
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Texas regulators took a step toward terminating a 52-year toll road concession held by Actividades de Construccion y Servicios SA and restoring control to the state.
The state Transportation Commission voted unanimously on Thursday to begin the process of ending the contract under which ACS operates toll lanes along a 10-mile stretch of SH-288, a conduit that connects downtown Houston to fast-growing suburbs and the Gulf Coast. Upon such a vote, ACS has six months to attempt to negotiate a new agreement with the state, the company said in a filing late Wednesday.