LOS ANGELES -- More than $1 billion of toll road revenue bonds will be sold early next year to finance the 23-mile-long Eastern Transportation Corridor in Orange County, Calif., a finance official for the public toll way said yesterday.

The size of the negotiated issuance is "likely to be equal to or greater than" the $1.1 billion of revenue bonds sold in March 1993 for the 15-mile San Joaquin Hills toll road, which is now under construction, said Walter D. Kreutzen, executive vice president of finance and construction for the Santa Ann, Calif.-based Transportation Corridor Agencies.

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.