Infrastructure

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

A federal judge denied a request by two Florida counties for additional documents about public financing for the All Aboard Florida private passenger train project, moving their lawsuits closer to a ruling on dismissal.

The Massachusetts Bay Transportation Authority's fiscal oversight board approved a five-year, $28 million warehouse privatization contract with Management Consulting Inc.

Chicago receives $1.1 billion of federal rail grants in final days of Obama administration.

Indiana’s Gov.-elect Eric Holcomb is eyeing the state’s existing $500 million Next Generation Trust Fund -- set up years ago from proceeds of the Indiana Toll Road Lease – to fund investments in entrepreneurship and to support early-stage and mid-size Indiana companies.

Extending a temporary sales tax to keep Arkansas roads in good shape preferred by voters in new statewide funding study.

The Port Authority of New York and New Jersey approved a preliminary $32 billion 10-year capital plan that advances partial funding for a replacement Manhattan bus terminal.

Honolulu Mayor Kirk Caldwell dedicated the majority of his inaugural speech to Oahu’s troubled multi-billion elevated rail line.

The Los Angeles County Metropolitan Transportation Authority has secured $1.5 billion in federal grants and loans needed to accelerate a subway line.

Indiana GOP House leaders offer $1.2 billion per year road funding plan fueled by gas tax hike.