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Ohio Issues RFQ for First P3 Project

NOV 27, 2012 2:05pm ET

The Ohio Department of Transportation last week issued a request for qualifications from firms interested in partnering on the state’s first public-private partnership project, a $332 million bridge in downtown Cleveland.

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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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