Infrastructure

Highway construction project awards slacken in 2014 as states gird for possible delays, cuts in federal transportation spending.

The Detroit Metropolitan Wayne County Airport is heading to market next week with $107 million of airport revenue bonds, hoping it doesn't take too much of a beating for carrying what is one of the most tainted names in the municipal bond world.

New York's MTA proposed a $14.2 billion fiscal 2015 budget and four-year financial plan that assumes an average annual increase of $260 million to labor costs stemming from two settlements.

Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.

The finance committee of New York's MTA approved a motion to issue special obligation taxable refunding bonds that would fully pay defeased bonds at their early redemption rate and could save the authority $32 million.

With no debt on its books, Salt Lake City International Airport has broken ground on a $1.8 billion redevelopment that will not require a bond issue until 2016 at the earliest, officials said.

The Port Authority of New York and New Jersey board of commissioners has elected John Degnan as its new chairman.

The Chicago Infrastructure Trust hopes to launch a competitive selection process this fall for private partners in its third energy retrofit project – city outdoor lighting upgrades.

A court of appeals upheld a proposed route connecting the San Francisco Bay Area to the Central Valley for California's $68 billion high speed rail project.

The Agriculture Department and CoBank have formed a $10 billion fund to spur private investment in rural public infrastructure.