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Metropolitan Atlanta Rapid Transit Authority (MARTA) recently closed two structured lease transactions on its South and East lines that yielded more than $46 million.
Under the authority’s lease-leaseback program, MARTA leases certain assets to an investor, who retains tax ownership. The assets then are leased back to MARTA.
Money from the current transactions will be used to support MARTA’s capital program, which includes system renovations, rehabilitation and replacement. Since the lease-leaseback program began in March 2001, MARTA has received $97 million.
10/6/2003
Rail News: Passenger Rail
MARTA increases capital funds with leaseback program
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Metropolitan Atlanta Rapid Transit Authority (MARTA) recently closed two structured lease transactions on its South and East lines that yielded more than $46 million.
Under the authority’s lease-leaseback program, MARTA leases certain assets to an investor, who retains tax ownership. The assets then are leased back to MARTA.
Money from the current transactions will be used to support MARTA’s capital program, which includes system renovations, rehabilitation and replacement. Since the lease-leaseback program began in March 2001, MARTA has received $97 million.
