The Bond Buyer announced the recipients of its annual Deal of the Year Awards, marking the 23rd year is has recognized outstanding achievement in municipal finance.
LOUISIANA PUBLIC FACILITIES AUTHORITY
The Louisiana Public Facilities Authority’s $1.33 billion financing for the I-10 Calcasieu River Bridge replacement project is the Public-Private Partnership winner. A collaboration between Louisiana Department of Transportation and Development and Calcasieu Bridge Partners. The project employs a demand risk structure, minimizing financial risk for the state. Supported by toll revenues and private capital, this critical infrastructure deal creates a model for public-private partnerships in addressing complex transportation need.