Florida Expressway Authority to Issue $277.2M in Bonds for Orlando Area Project
ByAinvest
Wednesday, Nov 5, 2025 5:36 pm ET1min read
SPGI--
The Central Florida Expressway Authority plans to sell $277.2 million of bonds to finance the construction of a five-mile toll route connecting Lake County and Orange County in the Orlando metropolitan area. The bonds have maturities ranging from 2029 to 2039 and are secured by a pledge of system revenue. Tourism in the area has returned to pre-pandemic levels, with 75.2 million visitors in 2024. S&P Global Ratings and Moody's issued AA- and Aa3 ratings on the bonds, respectively. BofA Securities is the senior manager on the offering.
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