[Archive Home][Date Prev][Date Next][Index]
"San Jose, California airport gets go-ahead on construction funding"
Wednesday, April 2, 2003
S.J. airport gets go-ahead on construction funding
The San Jose (CA) Mercury News
The San Jose City Council gave Mineta San Jose International Airport
officials authorization Tuesday to seek $100 million in short-term loans to
start construction of a new north concourse this summer.
The $241 million concourse is the first project in the $1.3 billion overall
expansion of the airport that includes a new central terminal, a south
concourse, and a double-decker road. The council action allows the airport
to issue a series of notes under the city's commercial paper program.
The commercial notes are an interim measure designed to immediately finance
expansion work. The costs for the notes will be rolled into the airport's
long-term bond financing. Those bonds are expected to be issued late this
year or early 2004.
The debt will be repaid with revenues generated from fees and rates charged
to the airlines and other airport users.
Do you have an opinion about this story?
Share it with other readers in our CAA Discussion Forums
http://www.californiaaviation.org/dc/dcboard.php
*****************************************
Fair Use Notice
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of political, human rights, economic, democracy and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.html. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
If you have any queries regarding this issue, please Email us at stepheni@cwnet.com