Responsible Stewards

The Massachusetts Port Authority was created by Chapter 465 of the Massachusetts Acts of 1956 (“the Enabling Act”). Under the Enabling Act, the Authority has the power to issue revenue bonds for financing purposes, fix, revise, charge and collect rates, fees, rentals, and charges for the use of its projects, and maintain, repair, operate, extend, enlarge, and improve its projects. While it periodically receives federal and state funding grants for specific purposes, Massport is an independent public authority and is financially self-reliant.

Overview

Massport has the financial and operating independence to enhance the experience of customers using its facilities, be a responsible steward of the assets under its control, and make long-term strategic investments for use by future generations.

Massport will rely on long-term revenue bonds to pay for much of the Logan Forward capital investments. These bonds will be repaid over time from the revenues we collect each year. Massport enjoys one of the highest bond ratings of any U.S. airport, which helps to lower borrowing costs. In June 2019, the three major rating agencies (Moody’s Investor Service, Standard & Poor’s Global Ratings and Fitch Ratings) re-affirmed Massport’s AA credit rating.

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