Infrastructure

The Texas Department of Transportation would no longer be allowed to issue bonds backed by the Texas Mobility Fund under legislation approved by the state House.

The new Florida Development Finance Corp. board on Tuesday delayed reconfirming the agency's decision to be the conduit for $1.75 billion in private activity bonds for the All Aboard Florida train project.

Port of Oakland hopes a 360-acre trade and logistics center currently under construction will enable it to grab business from southern California's ports.

With some maturities oversubscribed by a factor of five, the North Texas Tollway Authority recorded net present value savings of nearly $90 million or 10% on an $866.5 million refunding, according to chief financial officer Horatio Porter.

The Department of Transportation is soliciting applications from public entities for $500 million of grants to help finance transportation projects across the country and will hold the first of four webinars on the application process on Wednesday.

The New York City Transitional Finance Authority intends to sell about $1.03 billion of future tax secured subordinate bonds this month.

A San Francisco-based airline's April Fool's joke triggered a disclosure notice on EMMA; the trustee for bonds issued for the airport in Branson, Mo. Wanted to be sure bondholders new that Virgin America was just kidding about its plans to serve Branson.

Despite the bankruptcy of its current operator, the Indiana Toll Road continues to show the benefits of privatization, as does the new $5.7 billion bid for the road, Wells Fargo says in a new report.

The federal government will run out of money for transportation and other infrastructure projects in late July or August, roughly two months later than expected, Transportation Secretary Anthony Foxx said Thursday.

The North Texas Tollway Authority expects to reduce its maximum annual debt service by $80 million with an $871 million refunding, chief financial officer Horatio Porter said.