I95 Fred Ex HOV/HOT Lanes in Virginia
Vivid Economics were appointed by Transurban as Lenders Traffic Advisor for the Fred Ex project in June 2019. We prepared the Lenders Traffic and Revenue Supplemental Report, which supplemented earlier studies that had been prepared by others in 2016 and 2018. Our analysis included a review of the previous studies and reports, the socio-economic forecasts used in those previous studies, and the recent traffic and revenue data.
Our report was included as an appendix to the Official Statement supporting the Virginia Small Business Financing Authority Senior Lien Revenue Bonds (95 Express Lanes LLC Project) 2019 series. In August 2019 Fitch Ratings assigned a ‘BBB’ rating to $262 million par amount of senior lien private activity bonds series 2019 issued to fund the project.
More information about this project can be found Here.
Date: September 2019