| Finance Workshop
The MTA held a finance workshop for companies interested
in participating in the financing and risk management of this
project. Invitations were mailed to individuals representing
bond and construction insurers, financial advisors, investment
bankers, rating agencies, and surety companies. Presentations
were made on a proposed management plan that described the
methodology for procuring firms or teams of firms for designing,
procuring, constructing, financing, and operating the system
and a proposed finance plan that will lay out capital, operating
and maintenance cost estimates, proposed sources of funding
and funding schedules.
Issues discussed at the workshop included:
- Project Overview
- Status of Environmental Clearances
- Regional and National Significance and Benefits
- Refined Cost Estimates
- Investment Grade Ridership and Revenue Analysis
- Proposed Plan of Finance
- Project Delivery and Program Schedule
This workshop was held at the JP Morgan Conference Center,
One Chase Manhattan Plaza, New York, NY on November 12, 2002.
The Honorable Martin O’Malley Mayor of Baltimore City,
aided by a representative of the Maryland Department of Transportation,
presided over the meeting and gave the welcoming remarks.
Over 50 people attended and represented investment bankers,
bond underwriters, rating bureaus and venture capitalists.
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