Infrastructure

Chicago is advancing measures to help finance the next phase of its $8 billion runway expansion at O’Hare International Airport.

Transportation stakeholders are opposed to a provision in a draft climate-change bill introduced in the Senate that would generate more revenue based on emissions from the sector than would be re-invested in infrastructure or transportation projects.

DALLAS — Denver’s latest plan to build a long-delayed hotel at Denver International Airport would use revenue bonds to finance construction of the facility atop a planned commuter rail line at the south end of the landmark Jeppesen Terminal.

ALAMEDA, Calif. — California’s Bay Area Toll Authority will hit the market next month with a hefty Build America Bond deal.

BRADENTON, Fla. — After years of study and indecision, Hillsborough County, Fla., officials have agreed to place on November’s ballot a proposal to increase the sales tax by 1% to fund long-term mass transit projects, including light rail.

The Massachusetts Department of Transportation this week will price $893.8 million of fixed-rate senior revenue bonds to refinance Metropolitan Highway System debt it took on from the former Massachusetts Turnpike Authority, followed by a $207.6 million variable-rate senior debt sale.

New York’s cash-strapped Metropolitan Transportation Authority announced yesterday that a reorganization of its bridge and tunnel maintenance operations would save $25 million annually.

Ambac Assurance Corp. will appeal a Nevada bankruptcy judge’s ruling that the Las Vegas Monorail Co. was entitled to file for bankruptcy under Chapter 11.

WASHINGTON — State and local officials yesterday urged members of a House Ways and Means Committee panel to create and capitalize a national infrastructure bank, but neither they nor the lawmakers could agree on how to finance or structure the bank.

WASHINGTON — The Metropolitan Washington Airports Authority has temporarily suspended a $650 million deal for its Metrorail extension project, citing market volatility. However, the delay will not affect construction, authority officials said.