Maryland's Plans for Intercounty Connector Garvees Get a Lift

Sanchez, Humberto
February 2005
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p29
Trade Publication
The article informs that in an apparent boost to Maryland transportation officials' draft plan to finance a portion of the cost of the $2.4 billion Intercounty Connector toll road using $1 billion of Garvee bonds, the Federal Highway Administration has criticized alternative financing options recently recommended by Maryland General Assembly staffers. The TIFIA program provides direct loans, loan guarantees, and lines of credit for up to 33% of the construction costs of major surface transportation projects with price tags of at least $100 million.


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