Updated
Updated · Bloomberg · Jul 6Massport to Borrow $812 Million for Boston Logan Upgrades as Passenger Growth Pressures Airport
3 articles · Updated · Bloomberg · Jul 6Summary
- $812 million in planned borrowing this week will fund a new round of renovation projects at Boston Logan International Airport, Massport said.
- The debt sale is aimed at expanding and modernizing facilities at New England's busiest airport as rising passenger traffic strains existing capacity.
- Proceeds will pay for a new parking garage, roadway improvements, Terminal E upgrades and baggage-handling system enhancements.
- The financing taps the municipal bond market to support Logan's longer-term effort to keep pace with growth and refresh core airport infrastructure.
Insights
Can an off-airport terminal truly solve Boston's airport congestion, or is it just a temporary fix? After a crippling fuel system failure, will Logan's $812M modernization plan fix its most critical vulnerabilities?