Triangle Expressway
Tolls steam ahead in North Carolina
Posted Tue, 2008-08-05 16:53
North Carolina Turnpike Authority have received bids totaling $584m for design-build of the three-part Triangle Expressway project in the western part of Raleigh. That's well within preliminary cost estimates of around $645m. The Triangle Expressway work consists of:
- Triangle Parkway 5.5km (3.4 miles) a connector road to NC147 and I-40 West
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North Carolina Turnpike seeks subordinate debt to fill funding gap for Triangle Expressway
Posted Tue, 2007-09-11 20:18
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.
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