Currituck
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.
