Infrastructure

Honolulu Mayor Kirk Caldwell announced a five-year plan Monday to fix and repave 900 miles of road over the next three years.

The Chicago Transit Authority has tapped its CFO Karen Walker to lead the agency's public-private partnership efforts and has hired Ronald DeNard from the private sector to fill the CFO spot.

Two Democrats in the Senate who influence transportation policy have introduced legislation to create the American Infrastructure Investment Fund, a $10 billion infrastructure bank.

Moody's Investors Service announced Wednesday that it has changed its outlook for the airport sector to stable from negative, where it had been since August 2008.

The Georgia House has passed a bill that would revamp governance of the Metropolitan Atlanta Rapid Transit Authority, privatize some services, and impose tighter restrictions on the issuance of bonds.

Puerto Rico Governor Alejandro García Padilla is going ahead with privatizing Puerto Rico's main airport.

The sequestration cuts scheduled to take effect March 1 could throw the muni market into uncertainty and slam the air transport sector, according to market groups and public officials.

The tax exemption on municipal bond interest will not survive tax reform efforts in Washington, D.C., without a grass-roots effort from issuers, according to market experts at the fifth National Municipal Bond Summit.

Chicago received 16 responses in its first market outreach to identify prospective bidders in a possible deal to privatize Midway International Airport, according to the city's chief financial officer Lois Scott.

The Virginia General Assembly gave final approval on Saturday to legislation that is projected to raise more than $800 million for transportation over the next five years.