SAN FRANCISCO — The syndicate picked to design, build, finance, operate and maintain California’s first public-private partnership, the Presidio Parkway project, plans to partly fund the link to the Golden Gate Bridge with $150 million of private-activity bonds.

The consortium, Golden Link Partners, has preliminary plans to combine the fixed-rate, short-term bond sale with equity investments, a long-term loan under the federal Transportation Infrastructure Finance and Innovation Act, and milestone and availability payments to pay for the project, according to the recently released financial proposal.

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.