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MassPort investing big

The Massachusetts Port Authority is planning to issue more than $1 billion in new debt in coming years as it embarks on a series of projects designed to accommodate more passenger flights, larger cruise ships and larger container vessels in Boston.

Speaking to a conference of investors who could buy some of the agency’s debt, acting MassPort CEO John Pranckevicius touted some of the projects planned for Logan Airport, Conley Container Terminal in South Boston and the Ray Flynn Cruiseport as boons to the local economy and products of the economy’s recent success.

At Logan, a roughly $750 million project will include an expansion of the international terminal and the reconfiguration of other terminals and gates, and a $250 million project seeks to redesign the roadways that service the busiest terminals, he said.

Read more on The Metrowest Daily News.

 

Source: The Metrowest Daily News
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