ARLINGTON, Va. - Rep. James L. Oberstar, chairman of the House Transportation and Infrastructure Committee, said yesterday that he hopes to launch a program to create 30 "mega-projects" to ease congestion in urban areas that will give issuers or borrowers "special ability" to issue tax-credit bonds, tax-exempt bonds, and Garvees.

Speaking to the American Association of Highway and Transportation Officials, Oberstar said the program also would establish a public utilities authority to make sure the money for these mega-projects goes where it should.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.