Commission Reduces Debt by $63 Million in Eight Year

Over the past eight years the Halifax-Dartmouth Bridge Commission has reduced its debt from $123 million to $60 million.

The commission's $100-million Toll Revenue Bonds Series 1 matured yesterday and a $30 million line of credit with the province matures today, Dec 5. The financing helped fund the third lane of the Angus L. Macdonald Bridge and refinanced the 1990 $100-million Bank of Montreal debenture.

A detailed news release on the debt reduction can be found on the commission's website at www.hdbc.ca .