More bond sales fuel Rebuilding Michigan

Talking Michigan Transportation · Jul 7, 2021 · 23m

A year after the Michigan Department of Transportation (MDOT) sold the first group, or tranche, of bonds in Gov. Gretchen Whitmer's $3.5 billion Rebuilding Michigan plan, the finance team is preparing to sell another $800 million worth in August.

First, Patrick McCarthy, director of MDOT's Bureau of Finance, explains why the market has reacted so favorably to the sale of bonds to repair the state's crumbling roads and bridges. In a second segment, Brad Wieferich, director of MDOT's Bureau of Development, talks about the favorable bids for many of the projects and how the construction industry…