Infrastructure

Broward County, Fla., expects to issue $488.9 million of revenue bonds for its $2.4 billion capital program at the Fort Lauderdale airport amid a boom in passenger traffic and capital construction at major airports in the Southeast.

Five big southeast airports have major capital plans underway, including Ft. Lauderdale-Hollywood International Airport, for which Broward County, Fla. is selling $489 million of revenue bonds Oct. 29. Traffic Growth Helps Spur Fort Lauderdale Airport Deal

New York MTA's $29 billion capital program is bound for Albany after its board approves the five-year plan.

With more colleges facing fiscal challenges issuing debt for new projects, many higher education institutions are exploring alternative forms of financing, according to Tom Morsch, co-head of Public Financial Management Inc.’s public-private partnership practice.

The $3.6 trillion municipal bond market may benefit from the infrastructure moves if states, agencies, and localities choose to borrow against the new revenue to provide immediate infusions of construction cash.

The House on Tuesday passed a three-week extension of federal transportation funding that would keep reimbursements to states for highway and transit projects flowing through Nov. 20.

New York’s MTA reduces budget risk through the interest-rate and fuel-hedging strategies of its derivatives program, its finance manager said.

The House could vote as early as Tuesday on a 22-day extension of federal transportation funding to avoid a Oct. 29 expiration date.

Voters in Louisiana rejected a plan to boost transportation funding at the expense of the state's rainy day fund.

E. Virgil Conway, who was a chairman of New York’s Metropolitan Transportation Authority and a member of the MTA Board, died Oct. 21 in Southampton, N.Y. He was 85.