You are about to delete: .Confirm Deletion Cancel
Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: Value to state is described as a "$2.5 Billion cost saving." Concessionaire has offered to make a $500 million upfront payment to the state of Virginia. NO CASH OUTFLOW FROM VA. VA DOT was expecting a cash contribution from the state of up to $600 million. Net swing of $1.1 Billion in favor of the state. Plus spending commitments from concessionaire, as described below.
Credit Enhancements: Proposed that Virginia provide a 50 year concession, with the concessionaire given the authority to set toll rates (under a formula that is currently under negotiation.)
From Private Capital Markets Directly to Producers as Debt: The concessionaire proposes to: (1) make an upfront payment of $500 million; (2) spend $800 million on transit projects [as yet unspecified] over the next 50 years, and (3) spent $350 million to improve mobility through the Route 66 corridor.
From Producers as Equity: It is unclear yet what the debt and equity split is, as proposed by the consortium.