Tollway looks at finances

Refinancing about $700 million in loans for road improvements should earn a lower interest rate and save an estimated $30 million, Illinois State Toll Highway Authority financial staff said Thursday. The refinancing is expected to occur next week. In addition, tollway administrators said they expect to borrow an additional $500 million in 2008. The money will be used for congestion relief projects that include rebuilding and widening on the Tri-State, Northwest and Reagan tollways.