Infrastructure

The New York Thruway Authority has picked the lowest priced design option for a new Tappan Zee bridge north of New York City.

Standard & Poor's shifted its outlook to stable from negative as the Arizona Transportation Board plans to issue $712 million of revenue bonds after the first of the year.

An oversight panel chaired by California treasurer Bill Lockyer is analyzing the bond debt of the San Joaquin Hills Transportation Corridor Agency and the Foothill/Eastern Transportation Corridor Agency to determine if they can take on more debt to fund a planned extension.

The finance committee of New York's MTA approved the borrowing of up to $2.5 billion in long-term bonds to cover Hurricane Sandy-related repair costs.

The Los Angeles County Metropolitan Transportation Authority is at the forefront of a nationwide push to create a new tax-credit bond program for transportation investment.

Virginia Gov. Bob McDonnell unveiled his proposed amendments to Virginia's 2012-2014 budget, an $86 billion two-year plan he said prepares Virginia for the fiscal cliff by increasing cash reserves and flexibility and puts transportation revenue on a firmer footing.

New York's Metropolitan Transportation Authority should increase its base fare to $2.50 from $2.25 among other changes, Chairman Joseph Lhota told the board.

Kentucky and Ohio are forming a bi-state management team to determine how to finance a new, $2.5 billion bridge over the Ohio River between Cincinnati and Covington, Ky.

The corridor between Washington, D.C. and Boston is ripe for public-private partnership rail development if the government gets behind it, according to testimony given before the House Committee on Transportation and Infrastructure Thursday.

After considering a lease of the Ohio Turnpike to private investors, Gov. John Kasich Thursday said he wants to keep the asset in public hands and hopes to issue $1.5 billion of bonds backed by future toll revenue.