North Carolina's top transportation official said a bankruptcy filing alone by a Texas toll road operator is not reason enough to cancel the contract on the I-77 toll lanes.
Cintra, the company building the I-77 toll lanes, in the Charlotte area is also tied to the Texas project. After the bankruptcy filing in Texas, Governor Pat McCrory ordered the DOT to review Cintra's contract in North Carolina, so the state transportation secretary is heading to Texas Monday to find out what went wrong there.
On Friday, the secretary was in Ballantyne, and we asked him what exactly he'll be looking for as a red flag that would signal the DOT should scrap the contract with Cintra.
NC DOT Secretary Nick Tennyson said, “It wouldn't be a decision that was lightly entered into because it clearly would be something that would be disputed, so it would have to relate to a loss of confidence about ultimately being able to deliver and operate the project.”
Construction has already started on the 26-mile i-77 toll lane project.