By The Bond Buyer
November 21, 2022, 10:07 a.m. EST
…The winner in the P3 category financed a portion of the $2.75 billion Fargo-Moorhead Metropolitan Area Flood Risk Management Project, a public-private partnership between Red River Valley Alliance and the Metro Flood Diversion Authority to reduce local flooding risk. The bonds were issued through the Public Finance Authority as one component of a three-part debt financing package and set the template for the new federal P3 pilot program to address flood mitigation and ecosystem restoration…
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