Infrastructure

West Virginia's Blue Ribbon Commission on Highways recommended a $1 billion bond program to address a deficit in funds needed for transportation projects.

The Southern California Logistics Airport Authority in Victorville notified bondholders that it defaulted on its bonds on June 4, 2013 by missing a $1.2 million payment.

Fitch Ratings Agency placed the Foothill/Eastern Transportation Corridor Agency on Rating Watch Negative, affecting $2.3 billion in debt.

American Airlines proposed merger with US Airways Group stands to impact all airports but several US Airways large hubs are most at risk for change, Wells Fargo Securities LLC says.

New York’s Metropolitan Transportation Authority Board increased the number and percentage of minority- and women-owned firms that will participate in MTA bond deals.

Georgia has chosen a team of Atlanta and Florida contractors to build the $840 million Northwest Corridor project to relieve severe congestion in the Atlanta region.

Work resumed on Honolulu’s $5.3 billion elevated rail project Monday after the City Council grated the transit authroity two permits required to resume rail construction.

The board of New York’s MTA approved a contract with Kawasaki Rail Car for up to $1.8 billion to design and build rail cars for LIRR and Metro-North Railroad.

Carmen Bianco's presidency of New York City Transit is now permanent, MTA Chairman Thomas Prendergast announced.

Moody's Investors Service affirmed ratings on $6.5 billion of debt issued by 14 California transit agencies and revised outlooks to stable.