Infrastructure

After three special sessions, Texas lawmakers have passed a $1.2 billion transportation bill that appeared to satisfy outgoing Gov. Rick Perry.

Indiana last week announced a shortlist of four firms that will compete for a chance to partner with the state on a $400 million interstate highway project.

Maryland intends to develop a 16-mile light rail project in the Washington D.C. suburbs through a public-private partnership, the largest P3 in the state and the first for a transit project, government leaders announced Monday.

Colorado's E-470 Public Highway Authority may change a closed toll booth to a service stop for drivers. Meanwhile, the authority is refinancing $66 million of debt that represents a legacy of the 2008 market collapse.

Chicago heads to market Tuesday with a $247 million O'Hare International Airport borrowing to help finance a consolidated car rental center that's part of an $800 million multi-modal transportation facility.

Preliminary results show a majority of bankrupt American Airlines' shareholders and creditors — which include some holders of the airline's $3.3 billion of municipal bonds — have signed off on a proposed reorganization.

Charlotte is in court again fighting passage of a second bill by the North Carolina General Assembly transferring Charlotte Douglas airport's operations to a 13-member commission.

Washington State is planning to sell $864 million of general obligation bonds in a competitive offering next week after receiving improved outlooks from two credit rating agencies.

A transportation and housing appropriations bill was pulled from consideration on the House of Representatives floor Wednesday.

Any credit with Detroit in its name can expect to take a hit in the market, but for the Detroit Metropolitan Airport, the so-called Michigan penalty is nothing new, says CFO Terry Teifer.