Infrastructure

Philadelphia International Airport plans a $5.2 billion expansion project that would include about $4.2 billion of borrowing to help finance an increase in capacity. Officials also would like to improve the facility’s on-time record, especially during bad weather.

New Jersey is seeking underwriting services as the state’s Transportation Trust Fund Authority plans to issue $600 million of tax-exempt, new-money bonds by April 15 to help finance roads, bridges, and public transportation.

CHICAGO — Chicago has backed off from its plan to sell $1.1 billion of O’Hare International Airport bonds next week as it fights a lawsuit filed by the airport’s two largest carriers challenging its authority to finish work on an $8 billion expansion plan without airline consent.

Attracting private-sector investment is a key element to building a high-speed rail system in the Northeast, witnesses and Congress members said Thursday at a hearing in New York City.

Moody’s Investors Service is considering downgrading the Port Authority of New York and New Jersey because of its need to continue borrowing money to finance transportation projects even as toll collections and airport fees grow slowly.

New Jersey Transit formally rejected a $271 million repayment demand Tuesday from the Federal Transit Administration, which is seeking to recover funds allocated for a canceled $8.7 billion mass-transit tunnel.

The Georgia Department of Transportation has named three consortiums seeking to bid on the Atlanta Multi-Modal Passenger Terminal project.

Without more revenue, New York’s Metropolitan Transportation Authority will exhaust its capacity to bond for new projects after 2014, MTA officials said Monday.

CHICAGO — Attorneys for Chicago and O’Hare International Airport’s two largest carriers will return to court next month as a standoff over the final phase of an $8 billion expansion plan continues.

The Port Authority of New York and New Jersey plans to competitively market $300 million of tax-exempt bonds on Thursday.