Infrastructure

The Federal Aviation Administration on Monday said it would fund the design and construction of a second new control tower at O’Hare International Airport as part of an $8 billion runway expansion.

DALLAS — Amid a flood of municipal issuance in the last six weeks of the year, the North Texas Tollway Authority will bring around $1.5 billion of debt to market, starting with nearly $500 million of tax-exempt refunding revenue bonds this week.

New York’s Metropolitan Transportation Authority tabled the selection of a new underwriting syndicate after a board member questioned the choices at a finance committee meeting Monday.

SAN FRANCISCO — A public employee union is suing to block a California public-private partnership that would design, build, operate, and maintain a six-lane link between San Francisco and the Golden Gate Bridge.

WASHINGTON — The South Carolina Infrastructure Bank, the state’s main issuer for highway project funding, expects to competitively sell $225 million of new-money and refunding bonds on Tuesday, following a downgrade by Moody’s Investors Service to A1 from Aa3 due to weakened debt-service coverage.

DALLAS — Standard & Poor’s last week downgraded the Regional ­Transportation District of Colorado’s lease-revenue debt to A-minus from A-plus as it prepares to issue $310 million of certificates of participation.

SAN FRANCISCO — San Jose, Calif., has been forced to piece together bank backing for short-term notes that have helped pay for a more than $1 billion airport terminal.

Transportation Secretary Ray LaHood is warning the incoming Republican governors of two Midwestern states that unless they use certain grant funding for high-speed rail projects, they will lose the funds entirely.

CHICAGO — The Illinois Finance Authority board this week approved the first tranche of private-activity borrowing planned by CenterPoint Joliet Terminal Railroad LLC to finance ongoing construction at its intermodal freight-transfer facility in Joliet under a $15 billion federal government pilot program.

SAN FRANCISCO — The San Francisco Municipal Transportation Agency is inching closer to becoming a bond issuer and could offer its first deal as early as next year.