Governor Jim Justice has announced the completion of West Virginia’s largest-ever tax-exempt financing deal, which will fund hundreds of Roads to Prosperity projects across the Mountain State.
The bond sale, which has garnered $800 million plus expected interest, will help create jobs and improve infrastructure, according to a press release from the Governor’s office.
“This is a huge step forward in our $2 billion-plus program that is going to absolutely transform West Virginia,” Gov. Justice said. “The benefits from this are just tremendous – all kinds of construction jobs now and then long-term economic gains from improved roads and bridges.”
The plan was passed overwhelmingly by voters in October 2017 in a special election.
The press release praised investors and said that recent success on Wall Street rewards state residents for backing the program.
“It is so great that so many West Virginians showed they have faith in where we’re headed by investing in these bonds,” Gov. Justice added. “This is another wonderful example of West Virginians stepping forward to turn this state around.”
