6 million of senior lien toll revenue bonds
for the 91 Express Lanes program at 'A'.
Funding sources for the Ohio River Bridges project include GARVEE bonds, toll revenue bonds
, Transportation Infrastructure Finance and Innovation Act (TIFLA) loans, and State and Federal funding.
However, since the projected toll revenues are so substantial ($922 million each year), tax-exempt toll revenue bonds
, at no taxpayer expense, would be able to cover 86 percent of the costs necessary to create a seamless network of high-occupancy toll lanes.
However, issuance of toll revenue bonds
by the private corporation would not represent a liability to the city or the state if toll revenues are not received as anticipated.
The TIFIA assistance consists of a $90 million loan guarantee on subordinated toll revenue bonds
and a $37 million line of credit supporting a series of senior toll revenue bonds