N.Y.'s MTA Committee Passes Plan

Cataldo, Adam L.
January 2005
Bond Buyer;1/25/2005, Vol. 351 Issue 32056, p1
Trade Publication
The article reports that the finance committee of New York's Metropolitan Transportation Authority (MTA) yesterday approved plans to issue up to $2.84 billion of bonds this year to pay for ongoing capital projects. The MTA's full board is scheduled to vote on the borrowing plan Thursday. The authority plans to sell its first deal of the year next month in the form of $500 million of transportation revenue bonds. Last July, the MTA announced plans to issue about $2.6 billion of debt during 2005 for capital projects.


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