Bay Area Toll Agency Readies $1.16 Billion Deal

Saskal, Rich
March 2006
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p1
Trade Publication
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.


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