Infrastructure

Governments should invest $163 billion a year in infrastructure to keep pace with growing transportation needs, new study finds.

A proposed $2 billion rail transport system to northeastern Utah's Uinta Basin oil producing region is shelved as the estimated cost more than doubled to $5 billion, state officials said.

Texas Department of Transportation executive director Joe Weber said he expects the upcoming session of the Texas Legislature to de-emphasize toll roads after a series of protests and a general feeling of "toll fatigue."

Gov.-elect Greg Abbott said he wants to invest an additional $4 billion in road and transportation projects in Texas without raising taxes or tolls. Abbott will succeed Texas' longest-serving governor, Rick Perry, in January as the 2015 Legislature convenes.

A Florida anti-transit tax group asks voters to remain vigilant against future attempts to fund a light-rail commuter system after defeating a tax on Nov. 4.

The Airport Commission of the City and County of San Francisco has agreed to pay the Treasury $67,000 and retire $1.145 million of Series A variable rate revenue refunding bonds issued in 2010 to settle a tax dispute with the Internal Revenue Service.

Maryland will delay bidding for two months on its $2.45 billion Purple Line P3 project so new governor can review.

New York's MTA awards $194M contract to Judlau Contracting to rehabilitate the South Ferry station and fortify it from extreme flooding.

Oregon's Port of Morrow is selling $189 million of revenue bonds for the Bonneville Power Administration this week.

A cross harbor freight movement project proposal from the Port Authority of New York and New Jersey would be a positive for the regional economy, but more clarity is needed on how the initiative would be financed, according to a new Fitch Ratings report released Monday.