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VPRA outlines $504M I‑66 toll and $210M ticket‑revenue financing plans, targets 2027–2028 closings
Summary
CFO briefed the committee on two financing pillars: debt secured by I‑66 inside‑the‑Beltway toll revenues (estimated today at $504 million) and a conservative $210 million in financing tied to passenger‑ticket revenue; VPRA aims for financing close in 2027 (toll) and construction cash in 2028 (ticket revenue), with VDOT leading the toll effort and TIFIA as a likely vehicle.
VPRA’s CFO briefed the Finance and Audit Committee on two financing elements baked into the authority’s capital plan: debt secured by toll revenue from I‑66 inside the Beltway and financing backed by passenger ticket revenue.
On tolls, staff summarized an MOA that governs how toll revenues from I‑66 inside the Beltway are applied. The waterfall prioritizes facility operations and maintenance, debt service, a payment to the Northern…
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