Infrastructure

Mileage-based fees may one day replace the gasoline tax as the prime source for federal transportation funding, but it won't be quick and it won't be easy.

Running four months ahead of schedule on the light-rail connection to Dallas-Fort Worth International Airport that opened Monday, Dallas Area Rapid Transit leaders are taking no time to catch their breath after five years of intensive bond-financed development.

Pennsylvania's Transportation Commission will submit an updated 12-year, $63.2 billion transportation program to federal officials, said Gov. Tom Corbett.

Texas' largest county issued $196 million of road bonds with top ratings drawing strong demand from institutional investors.

Congress delayed, but did not fix, a $100 billion hole in federal transportation spending with the enactment last Friday of legislation providing $10.8 billion to extend solvency of the rapidly shrinking Highway Trust Fund by 10 months.

The 114-mile stretch of California's high speed rail project from Fresno to Bakersfield received approval from a federal railway oversight board on Tuesday.

A strike or work slowdown at U.S. West Coast ports could result in the loss of billions of dollars to the U.S. economy if goods are diverted to non-U.S. ports, a Fitch Ratings report said.

A federal appeals court dismissed a lawsuit over the massive $2.6 billion Ohio River Bridges Project being built by Kentucky and Indiana.

Michigan is selling $266 million of state trunk line refunding bonds on Wednesday, hoping to see savings of nearly 8% on the original debt.

President Obama signed a 10-month, $11 billion bailout of Highway Trust Fund that ensures federal reimbursements continue to state transportation projects.