RI GARVEE Bond Goes to Market Today (Truck Tolling Plan Cited)

Providence Journal (scroll down to “Oh, about those truck tolls”) reminds readers that the RhodeWorks truck tolling plan includes a $420-million refinancing and borrowing package, and reports, “The $120-million refinancing closed this summer and last week the Rhode Island Commerce Corporation approved the new $300-million Government Anticipation Revenue Vehicle, or GARVEE bond. According to R.I. Department of Transportation spokesman Charles St. Martin, the new bond is expected to go to market [today, October 4] and close by Oct. 26.”