CHICAGO - The Missouri Department of Transportation is advancing plans for its first Garvee deal by selecting a team for the fall sale while a $700 million private-activity financing remains in neutral, with current market conditions blamed for complicating negotiations with the contractor selected to repair and maintain 800 bridges.

MDOT recently selected Citi to serve as the book-running senior manager on the Missouri Highways and Transportation Commission's first grant anticipation revenue vehicle bond issue for $150 million.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.