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A U.S. House of Representatives subcommittee is scheduled to hold a hearing Tuesday about the role that innovative financing tools, such as tax-increment financing, federal loans and public-private partnerships, can play in funding intercity passenger rail projects.
July 8 -
Triple-A-rated Utah will offer investors a safe bet this week with $217 million of general obligation bonds for the Beehive State's growing highway system.
July 8
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A New York State appellate court's upholding of the Metropolitan Transportation Authority's payroll mobility tax is a credit positive for the transit agency, Moody's Investors Service said Monday.
July 8 -
California State Treasurer Bill Lockyer on Wednesday released a report on the Foothill/Eastern Transportation Corridor Agency that found the toll agency could eventually default on its bond payment obligations without a proposed $2.21 billion restructuring of the agency's debt.
July 5 -
Pennsylvania Turnpike Commission CEO Mark Compton named three persons to a committee to review contracting practices in the aftermath of a pay-to-play scandal.
July 3 -
Rhode Island lawmakers on Tuesday voted for a 10-cent toll on the Sakonnet River Bridge until April while a state agency considers an alternative funding plan.
July 3 -
The Illinois State Toll Highway Authority plans to enter the market with a roughly $425 million fixed-rate refunding of toll-backed revenue bonds in a deal scaled down due to rising interest rates.
July 3
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North Dakota and other rural states led the Reason Foundation's performance rankings of state highway systems based on 2009 data, while more populous states including New Jersey, California and New York found themselves toward the bottom of the ratings.
July 3 -
Anthony Foxx was sworn in as U.S. Secretary of Transportation Tuesday morning in a private ceremony at the department's headquarters.
July 2
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Texas lawmakers will consider highway funding measures when the second special session of the year reconvenes July 9.
July 2
