TITLE

Bay Area Toll Agency Readies $1.16 Billion Deal

AUTHOR(S)
Saskal, Rich
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the California's Bay Area Toll Authority (BATA) has brought about 1.16 billion dollars in fixed-rate toll revenue bonds to market. The bond will defease debt issued for the California Department of Transportation in 2003, which was part of a series of reforms. According to the author, the BATA toll came from the construction of all-new bridge to replace the eastern portion of the San Francisco-Oakland Bay Bridge, thus, gaining big funds.
ACCESSION #
20397102

 

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