North Tarrant Express bonds to price in mid-Dec

11.26.2009
Infrastructure Journal
Infrastructure Journal reported that senior lien system revenue bonds for the North Tarrant Express managed lanes project in Texas are expected to price in mid-December, following ratings from Fitch and Moody's.  Financing for the Texas Department of Transportation (TxDOT) project includes $400 million in senior lien revenue bonds issued by the Texas Private Activity Bond (PAB) Surface Transportation Corporation and a $650 million TIFIA (Transportation Infrastructure Finance and Innovation Act) loan.  Nossaman is mentioned as the legal advisor to the TxDOT.

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