Infrastructure

Ohio transportation officials announced the three firms that will vie for work on a $330 million bridge project in downtown Cleveland that is the state's first public-private partnership.

The trustee for bankrupt American Airlines Inc.'s $1.4 billion of New York City airport revenue bonds hopes to submit a final settlement agreement after a majority of bondholders endorsed the terms.

Gov. John Kasich proposed $1.4 billion in tax cuts and a $3 billion infrastructure program financed in part by a new Ohio Turnpike bond credit as well as a one-time $500 million cash payment into the state's rainy day fund as part of his $130.5 billion 2014-2015 spending plan.

Several individuals have emerged as candidates to replace Transportation Secretary Ray LaHood when he steps down, but that person will need to be very proactive to affect meaningful policy, lobbyists say.

Moody's affirmed Midway International Airport's single-A level ratings and said it should not see a significant credit impact from Chicago's effort to privatize the airfield.

Cincinnati and Duke Energy Corp. have agreed to ask a judge to decide who should pay $15 million to relocate underground utility lines to make way for the planned route of a new streetcar.

A bill introduced last week would ask Michigan voters to raise the state sales tax by 2 percentage points to generate new money for transportation infrastructure funding.

A House committee last week approved a long-stalled bill that would fund a $1.3 billion mass-transit expansion in central Indiana.

The Internal Revenue Service has begun auditing $60.625 million of Build America Bonds issued in June 2009 by Louisiana for transportation projects.

Stephens Inc. was picked as Arkansas' financial advisor for up to $1.3 billion of revenue bonds to finance a statewide highway program.