DALLAS – In one of the largest deals in Texas history, the Grand Parkway Transportation Corp. is preparing to price $2.86 billion of toll revenue bonds to extend a planned 184-mile loop around the Houston metro area.

The sale -- which would be the municipal market’s largest of 2013 -- is currently planned for the week of July 15, about two months later than originally expected. Approvals from the U.S. Army Corps of Engineers on the project caused the delay, according to Robert Kline, executive director of the Texas Bond Review Board.

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