Infrastructure

The Southern Environmental Law Center Tuesday filed a federal suit on behalf of conservation groups challenging North Carolina's $1 billion Garden Parkway toll road.

A new projection produced by the Congressional Budget Office shows that both the highway trust fund and transit account, key sources of federal transportation funding, will run out of money in fiscal year 2015 under the recently enacted transportation law.

Australia-based infrastructure development giant Macquarie Capital will advise San Juan, P.R. in its quest to put together a light rail public-private partnership that has been estimated at $400 million, the city announced Monday.

Revenue forecasting can make or break a project

Moody's called a court ruling invalidating the New York MTA's payroll mobility tax a credit negative, while Standard & Poor's is maintaining its credit rating.

New York's Metropolitan Transportation Authority needs "net-zero" settlements with its labor union and to implement fare and toll increases to keep budget gaps from resurfacing and rising, Fitch Ratings said.

A federal bankruptcy court judge signed an order authorizing American Airline's assumption of its Tulsa maintenance base sublease, paving the way for the bond trustee on $237 million of debt to soon resume payments.

The Illinois State Toll Highway Authority board on Thursday approved new pools of underwriters as it gears up to enter the market with a roughly $200 million issue to launch a $12 billion, 15-year capital program.

Revenue forecasts are an inexact science, but they are a critical part of the rapidly-expanding network of toll roads. When market participants over-rely on them, the result can be a financial meltdown.

American Airlines and the trustee on $237 million of revenue bonds issued for the airline's Tulsa maintenance base will ask the bankruptcy court to approve a settlement.