Infrastructure

Central Texas transportation planning agency is looking into a proposed aerial tramway system in Austin.

Nearly two years after the opening of One World Trade Center, the Port Authority of New York and New Jersey may soon be looking to sell the Manhattan landmark as part of a shift toward a more transportation focus.

States are expected to use almost $800 million of new federal grants aimed at smooth freight shipments to leverage another $3.6 billion of infrastructure investments from other sources.

Rhode Island will use $400 million under its RhodeWorks infrastructure initiative to rebuild and replace bridges at a crumbling Providence interchange.

FHWA will reallocate $2.8 billion of unspent federal highway funding to 49 states in fiscal 2016.

Indiana will receive an upfront payment of $50 million under terms of a proposed deal to lease the state’s communications infrastructure, including its existing cell towers, to a Canton, Ohio –based private operator.

The Pennsylvania Turnpike Commission is headed toward a fiscal pileup that could imperil the state’s entire transportation system, said state Auditor General Eugene DePasquale.

The New York City Transitional Finance Authority intends to sell roughly $1 billion of future tax-secured subordinate bonds later this month.

The Airport Commission of the City and County of San Francisco is teeing up a nearly $900 million dollar bond deal.

Freight backlogs are biggest potential setback to U.S. ports from South Korean shipping bankruptcy.