TITLE

Moody's, Fitch Evaluating Impact of Boston Tunnel Closure on MassPike

AUTHOR(S)
Kaske, Michelle
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/17/2006, Vol. 357 Issue 32424, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on Fitch Ratings and Moody's Investors Service's review of the financial implications of the closure of Interstate 90 tunnel in Boston, Massachusetts, and the suspension of toll revenue collection at the Ted Williams Tunnel, which is part of the Central Artery Tunnel Project. Fitch analyst Scott Trommer explained that the review concerns two issues. These are deferred or lost toll revenues and consequent potential liabilities that may be incurred by the Massachusetts Turnpike Authority, and construction issues resulting from the closure of the I-90 connector.
ACCESSION #
21657543

 

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