MATA $13M Loan Request
Sector: Transportation • Location: Memphis, Tennessee, United States
Source: AOL
The Memphis Area Transit Authority (MATA) requested a $13 million loan from the City of Memphis as a temporary line of credit during fiscal years 2026 and 2027 due to federal funding delays causing cash flow problems. The loan was approved by the City Council without discussion. Additionally, $403,000 originally allocated for MATA's Bus Rapid Transit project was requested to be transferred to a ne
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | awarded |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Memphis Area Transit Authority (MATA) requested a $13 million loan from the City of Memphis as a temporary line of credit during fiscal years 2026 and 2027 due to federal funding delays causing cash flow problems. The loan was approved by the City Council without discussion. Additionally, $403,000 originally allocated for MATA's Bus Rapid Transit project was requested to be transferred to a new 311 software solution, with the Bus Rapid Transit project not abandoned but temporarily put aside until MATA stabilizes. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |