March 2 (Reuters) - Transurban Group (TCL) :
- FINANCIAL CLOSE OF US$660M 495 EXPRESS LANES NORTHERN EXTENSION PROJECT
- PROJECT IS FUNDED WITH A MIX OF DEBT AND EQUITY
- DEBT FINANCING FOR PROJECT IS APPROXIMATELY US$394 MILLION,
- WILL EXTEND EXISTING 495 EXPRESS LANES FOUR KILOMETRES NORTH TOWARDS MARYLAND
- DEBT FINANCING FOR PROJECT WAS ISSUED AT FIXED RATES AND HAS FINAL MATURITIES OF 2057 AND 2060.
- BINDING PROPOSAL WAS ACCEPTED BY VIRGINIA GOVERNMENT AND COMMERCIAL CLOSE WAS REACHED EARLIER IN FY22
- EARLY CONSTRUCTION WORKS HAVE COMMENCED WITH PROJECT OPENING EXPECTED IN 2025
March 2 (Reuters) - Transurban Group (TCL) : FINANCIAL CLOSE OF...
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