Infrastructure

New Jersey officials are working on a $750 million new-money New Jersey Transportation Trust Fund Authority bond sale that includes $250 million of capital appreciation bonds.

DALLAS - Denver plans to refinance $200 million of variable-rate airport bonds today and another $93 million on Friday to rid the debt of backing by MBIA Insurance Co. When the deals close, Denver International Airport will have refinanced $1.1 billion of debt this year.

SAN FRANCISCO - Tumbling gasoline prices and an economic meltdown are creating an uphill battle for a host of California transit bond measures that looked promising just a few months ago.

New Hampshire today will sell $150 million of general obligation new-money debt that will help support highway projects and infrastructure improvements throughout the state.

New car sales — a major component of California’s sales tax base — are down substantially in the state, according to a trade group.

DALLAS - The Texas Transportation Commission yesterday approved loan guarantees allowing the North Texas Tollway Authority to build a $1.3 billion turnpike on Dallas' west side, but not everyone was happy about it.

CHICAGO - Shortly after clearing its final federal regulatory hurdle, Atlanta-based Delta Air Lines formally closed on its acquisition Wednesday of Eagan, Minn.-based Northwest Airlines Corp., six months after the proposed union was first announced.

WASHINGTON - In a hearing yesterday before a U.S. district court judge here, KBC Bank NV of Belgium agreed to give the Washington Metropolitan Area Transit Authority 10 more business days to make a $43 million termination payment on a sale-leaseback deal that has technically defaulted.

WASHINGTON - The municipal bond market and state and local governments could benefit more from the election of Democratic Sen. Barack Obama as president than his Republican opponent, Sen. John McCain, according to an analysis of their tax, economic recovery and other proposals, as well as interviews with market participants and economists.

A lawyer for two Dulles Toll Road users said his clients are still reviewing whether to appeal a Richmond circuit court judge’s decision to dismiss a lawsuit challenging Virginia’s transfer of the road from the state’s Department of Transportation to the Metropolitan Washington Airports Authority.