Monday, November 4, 2019

Who is paying for the expansion of 288?

Some answers from the Department of Transportation's Federal Highway Administration.

- Click here for info.

- Private Activity Bonds (PABs) (senior debt) - $298.6 million
- TIFIA Loan - $357.0 million
- Private Equity - $375.3 million
- TxDOT Funds (for the Texas Medical Center Connector) - $17.1 million
- TIFIA Capitalized Interest - $14.9 million
- Interest Income - $0.7 million