Georgia toll road P3 deal will be year's largest in muni market
Excerpt from the article:
(July 24, 2025) The economic condition of the area and regional drivers' willingness to pay tolls is key to understanding the bonds' credit, said John Mousseau, vice-chairman and chief investment officer of Cumberland Advisors. This could be challenged if the economy slows more than expected.
"A generation ago, there was Connector 2000 in South Carolina in the Greenville area – billed as a toll road to relieve congestion," Mousseau said. "It opened in early 2001 but faced much lower-than-expected traffic volumes and eventually declared bankruptcy in 2010 and reorganized. Atlanta is a much more densely populated area so that's a big plus. And it's still growing though growing less fast than several areas. Something to watch."
The project will add tolled express lanes to State Route 400 in Atlanta's northern suburbs. Most of the route will consist of two express lanes in each direction running north from the Metropolitan Atlanta Rapid Transit Authority North Springs station, the northern terminus of its rail transit system. The final stretch north will be one lane in each direction.
Click here to read the full article on the The Bond Buyer website.
John R. Mousseau, CFA
Vice Chairman | Chief Investment Officer
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