Infrastructure

Puerto Rico will issue its first new-money general obligation bond sale in nearly three years, a $304 million offering that will help finance transportation infrastructure upgrades.

The Regional Transportation Authority of Illinois will take competitive bids Tuesday on $100 million of general obligation refunding bonds and in a separate transaction will further tap its commercial paper program as it awaits nearly $400 million in overdue state aid payments.

The Las Vegas Monorail has been given court permission to send its bankruptcy-exit plan to creditors for a vote.

The Metropolitan Washington Airports Authority announced Wednesday that it has tapped a new leader after a difficult selection process and during a time of controversy about the second phase of its Metrorail extension project.

DALLAS - Texas Gov. Rick Perry has signed legislation designed to help commuter rail districts raise money across jurisdictional lines for bond-funded projects.

New York's Metropolitan Transportation Authority on Wednesday will remarket $347.7 million of dedicated tax fund variable-rate refunding bonds originally sold in 2008.

DALLAS — The Arkansas Trucking Association has withdrawn its support for a proposed increase of the state diesel tax to support $1.1 billion of bonds for interstate highway projects.

The Central Indiana Regional Transportation Authority, a quasi-governmental organization that promotes public transit, said last week that it has launched a petition drive to support local funding options for public transportation.

A consortium led by Goldman, Sachs & Co. will pay a total $1.43 billion to maintain and operate Puerto Rico's busiest toll road for 40 years.

CHICAGO — U.S. Sen. Mark Kirk of Illinois unveiled legislation Monday that would promote public-private partnerships for transportation projects by lifting federal restrictions on tapping private financing for airports, highways, and railroads.