The State Could Fund Coal Export Projects
A bill headed to the Governor's desk allows the Wyoming Infrastructure Authority to issue up to one billion dollars in bonds to support construction of out-of-state coal ports. Senator Michael Von Flatern says the bill allows the Authority to borrow money from investors for the bond, which can then be lent to projects elsewhere.
“A great morale booster by the way, so if the state’s showing that it’s willing to put up bonding ability, or allow an authority to have bonding ability it may make a project look more viable than if we weren’t gonna put any skin in the game.”
Infrastructure Authority Director Lloyd Drain says his office has had conversations about potential coal export projects in the Pacific Northwest and elsewhere.