Latest News, WVPA Sharing

First Roads to Prosperity bond sale yields $800 million

By ANDREA LANNOM

The Register-Herald

CHARLESTON, W.Va. — The first part of the General Obligation bond sales for the Roads to Prosperity program has yielded $800 million plus interest for larger projects in the state, Gov. Jim Justice announced Thursday.

The state secured a 3.575 percent interest rate on the series of bonds sold this week, the release said. With interest, the bonds should leverage $915 million in borrowing for Roads to Prosperity, the release said.

Last year, West Virginians approved the Roads to Prosperity Highway Program to upgrade the state’s roads and bridges.

Read the entire article: http://www.register-herald.com/news/local_news/first-roads-to-prosperity-bond-sale-yields-million/article_b373a8c8-5fbe-11e8-8eec-bff5fbdf1c11.html

See more from The Register-Herald

Comments are closed.

Subscribe to Our Newsletter

Subscribe to Our Newsletter

And get our latest content in your inbox

Invalid email address