CONNECTICUT DEPARTMENT OF TRANSPORTATION NEWS RELEASE 2800 BERLIN TURNPIKE P.O. BOX 317546 NEWINGTON CONNECTICUT, 06131-7546

FOR RELEASE: October 20, 2014

FOR FURTHER INFORMATION: OFFICE OF COMMUNICATIONS TELEPHONE: (860) 594-3062 FAX: (860) 594-3065 WEB SITE: www.ct.gov/dot

Connecticut DOT: $600 Million in Bonds for Road and Transit Projects

                The Connecticut Department of Transportation is selling $600 million in bonds this month through the Office of the State Treasurer to finance a variety of road, bridge and transit projects. In addition, the Department is refinancing $131.5 million in previously-issued bonds and will save $14.8 million in future debt service by doing so.

                The sale of Special Transportation Obligation Bonds is expected to close on Thursday (October 16) and will pay for construction and other work under the DOT’s 2015 Capital Plan.

                “This sale of bonds continues our record of major annual bonding and will keep Connecticut – and its economy – moving forward,” said DOT Commissioner James P. Redeker. “And with our prudent refinancing, we are also saving Connecticut taxpayers money.”

                Among the projects in the Capital Plan:

·         I-84 Waterbury - Expressway Upgrade

·         I-95 New Haven Harbor Crossing Corridor  – Ongoing construction

·         New Haven Line – Catenary Replacement/Signal System Upgrades/Positive Train Control

·         Various Statewide Resurfacing Projects

                The DOT’s 2014-2018 Capital Plan may be found on the Department's website: www.ct.gov/dot.