$1.1 Billion Raleigh Outer Loop Financing Approved by the Local Government Commission
December 14, 2023
December 14, 2023
RALEIGH, North Carolina, Dec. 14 -- The North Carolina Department of the State Treasurer issued the following news release:
The Local Government Commission (LGC) recently approved an application by the N.C. Turnpike Authority (NCTA) for revenue bonds and a Transportation Infrastructure Finance & Innovation Act (TIFIA) loan through US-DOT. Each is not-to-exceed $550 million and would be used to begin work on Phase 2 of the Complete 540 project, also known as Raleigh's Outer Loop. . . .
The Local Government Commission (LGC) recently approved an application by the N.C. Turnpike Authority (NCTA) for revenue bonds and a Transportation Infrastructure Finance & Innovation Act (TIFIA) loan through US-DOT. Each is not-to-exceed $550 million and would be used to begin work on Phase 2 of the Complete 540 project, also known as Raleigh's Outer Loop. . . .