Infrastructure

The finance committee of New York's MTA approved Loeb & Loeb LLP as outside counsel relating to the Penn Station renovation project.

The Colorado Department of Transportation will study a method of charging motorists by the mile to replace the state’s fuel tax. The four-month study begins in December.

President-elect Donald Trump’s ambitious infrastructure plan and proposed widespread tax cuts will require issuers to adjust to a changing economic climate to maintain credit stability, S&P Global Ratings said Monday.

The opening of New York’s long-delayed $4.5 billion Second Avenue subway line by year’s end is still up in the air, said the MTA’s independent engineer.

Local governments should look to own resources to fund large transportation projects, warns Sen. Lamar Alexander, R-Tenn.

Los Angeles Metropolitan Transportation Authority is pricing $514.8 million in bonds this week fresh off passage of a half-cent sales tax measure.

Denver International Airport officials hope to land about $44 million of savings on a $250 million refunding issue this week. In its 21st year, DIA is rapidly paying down the debt used to build the nation's sixth busiest airport.

The Bond Buyer this week announced the finalists for its 15th annual Deal of the Year Awards. These issuers were honored for Deal of the Year in eight categories, revealed online Nov. 7-11 in a series of posts at BondBuyer.com. Each category award winner is a finalist for the national Deal of the Year Award, which will be announced at a Dec. 1 ceremony at 583 Park Avenue in New York City and posted later that evening at BondBuyer.com.

A referendum New Jersey voters approved Tuesday that dedicates all gas tax revenue to transportation projects marks the final step in a credit negative tax package adopted in October, according to Moody's Investors Service.

The constitutional amendment passed by Illinois voters putting transportation related revenues in a lockbox was labeled by Moody's Investors Service as a negative credit factor for the state.