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Title
Transportation Infrastructure Finance and Innovation Act Debt Service Savings
Overview
To support the construction of the Interstate 405 Improvement Project, staff has used a combination of Transportation Infrastructure Finance and Innovation Act loans and interim short-term financing to substantially reduce debt service costs. This staff report provides an overview of the financing strategies utilized and their contribution to the total debt service savings of $482 million.
Recommendation(s)
Receive and file as an information item.