WASHINGTON - The Maryland Transportation Authority plans to issue $425 million of grant anticipation revenue vehicles in a competitive deal Wednesday, marking the second and final tranche of Garvees being used to finance the ongoing construction of the state's Intercounty Connector, a $2.4 billion, 18.8-mile toll-road project.

Public Financial Management Inc. and Davenport & Co. are financial advisers on the deal. McKennon Shelton & Henn LLP is bond counsel.

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