San Diego-Area Rail District Plans Debt to Balance State Cuts

Saskal, Rich
April 2004
Bond Buyer;4/27/2004, Vol. 348 Issue 31871, p6
Trade Publication
Reports on the plans of North County Transportation District to issue grant anticipation revenue vehicle-like bonds as an alternative to state-funds to finish a light-rail project in San Diego County, California. Contract with Siemens AG to build the cars; Dependence of the project-financing plan on a grant from the state Transportation Congestion Relief Program; Approval given by the San Diego Association of Governments to a memorandum of understanding with the transit district allowing the bond plan to move forward.


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