Infrastructure

A controversial $1.3 billion toll road linking Indiana and Illinois advanced last week when an Indiana planning council approved the plan.

The Foothill-Eastern Transportation Corridor Agency achieved its stated goal of reducing debt payments by $975 million through 2040 with a $2.3 billion refinancing that priced late in the day on Dec. 12.

Six potential private-sector partners responded to Maryland's proposal to fund, build and operate a $2.2 billion light rail commuter line under the state's newly adopted public-private partnership law.

Virginia has 19 private-sector proposals in its quest for innovative solutions to develop and finance capacity additions to a congested interstate highway.

Uncertainty related to Detroit's bankruptcy filing resonates among P3 players, according to Allen & Overy's Kent Rowey, who advises on many such deals.

Regional Transportation Authority of Illinois head Joseph Costello will retire from the agency where he has worked for the last two decades first as fiscal chief and then as executive director.

Moody's will extend its stable outlook to the airport sector in 2014 as more passengers will provide more support for new money debt.

Hartsfield-Jackson Atlanta International Airport soon begins searching for a new general manager to replace Louis Miller who retires Jan. 3.

Chicago Mayor Rahm Emanuel and Illinois Gov. Pat Quinn last week announced plans for a nearly $500 million overhaul of the Chicago Transit Authority's rail transit line to O'Hare Airport.

Pennsylvania's transportation bill is positive for the state and the Turnpike Commission, and could trigger a similar move to tackle pension liability, said Fitch.