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-Digdug Tunnel is being built using $125,000,000 of tax-exempt municipal bonds with principal amortization inequal installments of $5mm per year for 25 years at 3.75%. In 2025, when the tunnel opens, the Digdug Tunnel Authority (OTA) will pay $4,687,500 of interest in addition to the principal component. This is the highest debt service the system will have. The feasibility study says that in 2023 on average 3000 cars will go through daily and will pay the $15 toll. Wages, utilities and other operating expenses will be $3,000,000 for the year, notincluding Depreciation Expense.
-What is MADS coverage by Net Revenues for OTA projected to be in 2023?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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