How much debt does BATA have, and why?
BATA’s new financing model assumes the Authority will have some $8.5 billion of bonds outstanding to finance roughly $13 billion worth of projects, the largest of which is the estimated $6.3 billion replacement of the Bay Bridge East Span. Proceeds from the sale of BATA bonds also have been used to finance many other projects, including the new Carquinez Bridge (completed 2003), the new Benicia-Martinez Bridge (completed 2007), widening of the San Mateo-Hayward Bridge (completed 2003), construction of the Richmond Parkway (completed 2001), reconstruction of the Interstate 880/State Route 92 interchange in Hayward (under construction) and the seismic retrofits (all completed) of the original 1962 Benicia-Martinez Bridge, the original 1958 Carquinez Bridge, the Richmond-San Rafael Bridge, the San Mateo-Hayward Bridge, the Bay Bridge West Span and the West Approach to the Bay Bridge in San Francisco.
