LOS ANGELES -- Orange County, Calif., transportaion leaders this week approved a $4.4 billion plan for an urban rail system that might entail bond issuance, but officials have not decided how to pay for it.

"Our job is to try and find a way to finance this," said James Kenan, director of finance and administration at the Orange County Transportation Authority. "We're still in the infant stages of this program, [and] it's too early to look at bonding."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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