The Georgia Department of Transportation (GDOT) and its advisors have much to celebrate with the successful financial close of the SR-400 project. But the number that should get the most attention is the financing’s concession fee to Georgia’s State Road and Tollway Authority (SRTA): $3,799,312,000.
That $3.8 billion figure has been the subject of ample speculation for a year, ever since GDOT selected its preferred bidder. Now it is real. It isn’t every day that a state transportation agency gets a multibillion-dollar wire transfer for a single procurement.
The obvious follow up question for GDOT, which is likely circulating in Atlanta political circles, is how is the state going to spend that funding?
