financing cost

Transurban, the major investors in the toll concession on the $1.4b project to widen the Capital Beltway (I-495) in Virginia to 12 lanes have gone to financial close June 12 on $589m of Private Activity Bonds. The 40-year tax exempt bonds are costing Transurban a weighted average interest of 4.97%, an improvement on the 5.35% when the initial steps in the financial close were reported in December.