Commerce – A regional transportation board could hire a financial advisor when it meets this week.
The Sulphur River Regional Mobility Authority (SURRMA) board plans to meet in Commerce Wednesday at City Hall.
On the agenda is an introduction from a representative from First Southwest Securities, along with a discussion and possible vote to hire the firm as the authority's financial adviser. First Southwest Securities currently provides similar services for the City of Commerce, Greenville and other entities.
The SURRMA represents Hunt, Delta, Hopkins and Lamar counties. Their first planned project is completing the expansion into four lanes of State Highway 24 from Commerce to Paris. The SURRMA is proposing to develop, design and construct a $32 million, 10-mile expansion project using a pass-through financing agreement.