Infrastructure

The California High-Speed Rail Authority authorized the eventual sale of $8.6 billion of bonds to fund the first stage of a 500-mile bullet train system.

The New Jersey Turnpike Authority is selling $1.4 billion in revenue bonds to support a $7 billion capital program.

The American Society of Civil Engineers has given America's infrastructure an overall grade point average of D+ across sixteen categories — up slightly from the D in its last report in 2009 and the first improvement since the group started its report card in 1998.

Kansas's 10-year, bond-financed highway program will slow to a crawl if lawmakers allow a sales tax to expire and divert transportation funds to other purposes, said Transportation Secretary Mike King.

The Ohio Senate last week approved a $7.6 billion, two-year transportation budget that includes authority to issue $1.5 billion of bonds backed by a new Ohio Turnpike credit to generate up to $3 billion for transportation projects.

County executives in southeast Michigan made their final appointments to a newly created four-county Regional Transit Authority.

The New York Thruway Authority says it is in the process of obtaining a $1.5 billion TIFIA loan, but U.S. DOT guidelines indicate the loan would be at least $200 million less.

Congress will have a chance in coming weeks to consider two pieces of legislation aimed at increasing investment in water infrastructure, including bonds and public-private partnerships.

Chicago narrowed the field of potential bidders on a Midway Airport lease down to six from among 16 responses it received during its request for qualifications process.

State senators seek more financial oversight of Kansas Turnpike Authority by merging it into Kansas Department of Transportation.