Regional Transportation District, Colo., plans $404 million sale of private activity bonds

By Sheri Kasprzak

New York, July 23 - The Regional Transportation District of Colorado plans to price $404 million in series 2010 tax-exempt private activity bonds for the Denver Transit Partners Eagle P3 project, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Barclays Capital Inc. as the senior manager. The co-manager is Bank of America Merrill Lynch.

Proceeds will be used to construct commuter rail projects in the City of Denver, which will be operated by a private company or consortium.

The district, based in Denver, provides public transportation services for eight of the 12 counties in the Denver-Aurora-Boulder Combined Statistical Area of Colorado.

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