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Feds Approve $189M in Bonds for I-77

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Today the TIFIA Credit Council met to review Cintra’s proposal for $189 million in taxpayer-backed bonds.

Despite the fact that three fourths of toll revenues will go to the NCDOT, despite the fact that the contract has to be amended so key provisions right now are just placeholders, despite two extensions of the deadline at taxpayer expense, Widen I-77 has learned the TIFIA Credit Council approved Cintra’s application.

It says here the project will go bankrupt- not a matter of if, but when.

Our next recourse is litigation. WI77 and our legal team  are prepared to fight all the way to the NC Supreme Court.

Want to let the Feds know how you feel?

Email the TIFIA Director:

duane.callender@dot.gov

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Short URL: https://pundithouse.com/?p=18557

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