Governor will authorize $206M in GPA bonds

by Nick Delgado

Guam - Governor Felix Camacho will be sealing the deal on the $206.5 million Guam Power Authority revenue bond tomorrow. The funds will be used for capital improvement projects, as well as for working capital to pay off a longstanding loan. Guam Economic Development Authority Administrator Tony Blaz says the governor will sign the bond documents following pre-signing proceedings.

The ceremony will take place at 2pm tomorrow at the GEDA Conference Room in Tamuning.