financing
North Carolina Turnpike finances Triangle Expressway raising $1010m
Posted on Wed, 2009-07-15 14:30
North Carolina Turnpike Authority (NCTA) have financed their first tollroad, the Triangle Expressway, raising $1,010m. Last Friday they executed a federally supported TIFIA loan for $387m, while on Monday and Tuesday they sold $270m of toll revenue bonds and $353m of state appropriation revenue bonds. The appropriations pledged bonds relate to 25m/yr committed from the state treasury for the project.
NCTA plans bond offer July 1 for Triangle Expressway
Posted on Thu, 2009-05-28 23:37North Carolina Turnpike Authority are planning to offer bonds to finance the Triangle Expressway July 1 hoping to start work a couple of weeks later on the billion dollar tollroad on the west of Raleigh. Their bonds were only rated BBB- which means they could pay a couple of percentage points higher than A-rated bonds. But they have legislative approval (SB750) to do a refinancing whenever market conditions make that advantageous.
TOLLROADSnews 2009-05-28
North Carolina Turnpike splits Triangle Exwy financing to sell bonds in rough market
Posted on Wed, 2009-03-18 00:52
North Carolina Turnpike Authority (NCTA) has a new financing strategy to move the Triangle Expressway project that has been stalled the past seven months by the financial meltdown - doing revenue bonds and gap-bond sales separately. Chief executive of the Turnpike David Joyner told us today: "We've got a new plan of finance that we're hopeful will get us out of the impasse. It's a bifurcation of the revenue into two streams to service two separate sets of bonds."
North Texas Tollway succeeds with longterm financing of 121 Tollway - sells $425m bonds at 5.99%
Posted on Fri, 2008-10-24 14:07
North Texas Tollway Authority (NTTA) have announced that they've succeeded in the completing the longterm financing of the $3.2b concession fee they paid Texas Department of Transportation for the 50 year right to toll the 28 mile (45km) section of SH121 north of Dallas now known as 121 Tollway. To make the $3,200m upfront payment to the state on the toll concession last November NTTA issued a set of short term bond anticipation notes (BANs) which are now expiring.
Financial instability affects toll finances in Massachusetts and WV
Posted on Wed, 2008-02-20 01:28
Massachusetts Turnpike is talking most about it, but a number of toll authorities are facing higher financing costs or difficulties associated with turmoil in the financial markets. The Mass Turnpike Authority today delayed refinancing $127m of 'auction rate' Big Dig borrowings because of doubts about the strength of Ambac, one of the big bond insurers.
North Carolina Turnpike seeks subordinate debt to fill funding gap for Triangle Expressway
Posted on Wed, 2007-09-12 00:18
North Carolina Turnpike Authority (NCTA) has issued a Request for Expressions of Interest in subordinated loans to fill a gap in financing of the Triangle Expressway project. Earlier the Turnpike said it needed support from the state to cover the difference between the debt service costs of prudent financing and the prospective revenue.
California tolls support
Posted on Mon, 2000-06-12 15:48California tolls support
Originally published in issue 49 of Tollroads Newsletter, which came out in May 2000.
Page:21
Subjects:tolls financing
Agencies:University of California Policy Research Center
Locations:California CA Calif
Expedient financing
Posted on Tue, 2000-05-09 11:57Expedient financing
Originally published in issue 49 of Tollroads Newsletter, which came out in May 2000.
Page:5
Subjects:tax financing innovative
Facilities:CA/T Central Artery Big Dig
Agencies:Massachusetts Turnpike Mass Pike
Locations:Boston MA
CALIFORNIA:Report Recommends Move to Tolls
Posted on Fri, 1999-09-24 02:25CALIFORNIA:Report Recommends Move to Tolls
Originally published in issue 42 of Tollroads Newsletter, which came out in Sep 1999.
Page:21
Subjects:financing of roads tolls vs taxes
Facilities:CA
Agencies:Caltrans CPRC University California UC
Locations:CA
Sources:California Policy Reserach Center
TEA21 Manna from Shusta
Posted on Thu, 1998-04-30 23:00TEA21 Manna from Shusta
Originally published in issue 27 of Tollroads Newsletter, which came out in May 1998.
Page:1
Subjects:FINANCING CORRUPTION
KOREA Seoul Airport pike to Inchon
Posted on Sun, 1997-12-14 21:48KOREA Seoul Airport pike to Inchon
Originally published in issue 22 of Tollroads Newsletter, which came out in Dec 1997.
Page:10
Subjects:investor financing
Facilities:New Seoul Airport Freeway
Agencies:New Seoul Airport Freeway Company Limited
Locations:Korea
Sources:Tyson Kim
KOREA
Seoul Airport pike to Inchon
MEXICO “Gross misculation” messed pikes — World Bank
Posted on Mon, 1997-10-06 03:00MEXICO Gross misculation messed pikes World Bank
Originally published in issue 20 of Tollroads Newsletter, which came out in Oct 1997.
Page:4
Subjects:financing concession policy
Agencies:CAPUFE
Locations:Mexico
Sources:Francisco Javier Alejo Lopez
MEXICO
Gross misculation messed pikes World Bank
