Transportation Agency To Borrow $1.1 Billion
The Los Angeles Metropolitan Transportation Authority plans to borrow more than $1.1 billion over the next 10 years to jump-start freeway and rail projects.
"The borrowing plan unanimously adopted by the MTA board Thursday is intended to speed up by as much as six years the construction of several major projects that have been delayed by funding shortfalls. The projects include widening portions of Interstate 5, building the Exposition Boulevard light rail line from downtown Los Angeles to Culver City and improving the Alameda Corridor East freight rail corridor in the San Gabriel Valley."
Thanks to Governing
Published on Friday, September 24, 2004 in
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