An affiliate of the same company responsible for expanding Interstate 77 in Charlotte filed for Chapter 11 bankruptcy protection Wednesday, citing lower-than-expected use of its 41-mile Texas toll project. Madrid-based Cintra has its U.S. headquarters in Austin, where a spin-off company, SH 130 Concession Company, built and operates the southern sections of the State Highway 130 toll road. The company spent $1.4 billion on its 41-mile stretch of the Texas-owned highway, which opened in 2012. Cintra…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/queen_city_agenda/2016/03/i-77-developer-says-texas-bankruptcy-wont-impact.html
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