Maryland Transportation Authority plans to price $685 million revenue bonds March 12

By Cristal Cody

Springdale, Ark., Feb. 29 - Maryland Transportation Authority plans to price $685 million transportation facilities projects revenue bonds on March 12, the issuer reported Friday.

The series 2008 bonds (Aa3) will be sold in a competitive sale, with bids accepted over the internet, said Alison Williams, senior director of treasury and debt management for the Maryland Transportation Authority.

A preliminary official statement will be released next week, she said.

Proceeds will be used to finance projects, including express toll lanes on Interstate 95 north of Baltimore, and the Intercounty Connector project to allow traffic to bypass the Capital Beltway area in Washington, D.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.