IRVINE, Calif. -- California Private Transportation Co. has completed $125 million in bank financing, allowing it to start construction next week of the first privately owned and operated toll road in the United State in 50 years.

Citicorp arranged the financing package with Banque Nationale de Paris and Societe Generale.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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