Infrastructure

Variable rate debt represents 8% of the bond portfolio of New York's Metropolitan Transportation Authority — well below its 25% threshold, said finance manager Patrick McCoy.

A $967 million federal loan for commuter rail safety technology represents "a very favorable position for the MTA," said finance manager Patrick McCoy.

New York’s MTA may have to raise fares by as much as 15% if its proposed capital plan falls short, according to chief financial officer Robert Foran.

The Route 460 Funding Corp. of Virginia plans to use extraordinary redemption provisions to call $293.3 million of revenue bonds now that the state has terminated the project.

Denver International Airport chief Kim Day rebuffs accusations of faulty accounting on the $544 million South Terminal Project that includes a hotel and commuter rail station.

Public-private partnerships may become an important tool for transportation financing, but must overcome political and social hurdles in the U.S.

Moody's Investors Service changed the outlook to positive just ahead of a $225.8 million deal by the Florida Department of Transportation to pay for turnpike improvements.

Colorado's $25 billion state budget is already signed, but lawmakers still have other bills to resolve before the imminent end of their session including a proposal to authorize $3.5 billion of tax revenue anticipation notes for highway projects.

The Federal Railroad Administration has approved a $967.1 million loan to New York’s MTA for signal system safety improvements along Long Island and Metro-North commuter railroads.

Chicago Mayor Rahm Emanuel tapped Forrest Claypool, his longtime friend and hand-picked head of the Chicago Transit Authority, as his next chief of staff.