Infrastructure

Chicago's motor fuel tax credit was downgraded three nothes by Moody's Investors Service as the agency notched the credit with Illinois bond rating.

Mark Crisson, president and chief executive officer of the American Public Power Association, plans to retire from the group on April 1, 2014.

Reps. Richard Neal, D-Mass. and Lee Terry, R-Neb., both former public officials, have introduced a resolution on the importance of municipal bonds to state and local governments that they hope will garner a lot of attention and support among House members.

After returning its balance sheet to the black, the Illinois International Port District plans to bolster its role in economic development and job creation by turning to private managers to raise the needed capital.

The Senate Budget Committee Democrats' budget resolution for fiscal year 2014 suggests the possibility of percentage or dollar caps on tax preferences such as tax-exempt muni bond interest, pushes traditional tax-credit bonds for transportation, and proposes a $10 billion infrastructure bank to provide loans and loan guarantees for projects.

The Los Angeles City Council approved plans for a downtown street car last Wednesday that include up to $352 million over 30 years for operations costs, according to news reports.

Virginia's Elizabeth River Crossings tunnel project has been named the 2012 North America Toll Road Deal of the Year by Project Finance Magazine.

While it continues to assess less visible Hurricane Sandy damage, New York's MTA must move quickly on initial repair work, according to federal guidelines.

Louisiana will issue $84 million of highway revenue bonds in the first of three planned negotiated sales, two months after canceling a single $249.2 million sale.