Infrastructure

In a move that is likely to make Virginia the leading state for public-private partnerships, Gov. Robert McDonnell has announced 22 transportation and infrastructure projects that may be developed as P3s.

The Massachusetts Bay Transportation Authority plans a $415.6 million sale of Series 2012A assessment bonds on Thursday, after a one-day retail period.

CHICAGO — Ohio State University on Friday is expected to tap a private investor that has offered $483 million in cash to take over the school’s parking system for 50 years in a deal that would make OSU the first public university to privatize such an asset.

Federal transportation officials said they want additional information before committing funds to a proposed light-rail line financed by private investors along one of Detroit's main thoroughfares.

Chicago is challenging $50 million in reimbursement payments sought by the private consortium that leases the city’s parking meter system.

DALLAS — The Fort Bend County Toll Road Authority, which feeds suburban traffic to the Harris County toll system in the Houston area, is advance refunding $119 million of debt while continuing its expansion.

WASHINGTON — Private firms have until July 12 to submit bids to operate the Port of Virginia as part of a public-private partnership, an opportunity created by the Virginia Department of Transportation after it received an unsolicited P3 proposal.

Austin voters won’t see a proposal to authorize $275 million of general obligation bonds for a light-rail system on the November ballot, Mayor Lee Leffingwell said last week.

CHICAGO – The Chicago Transit Authority Friday unveiled plans for a $500 million overhaul of its bus fleet by 2014.

The board of New York’s Metropolitan Transportation Authority has added TD Securities to its approved pool of variable-rate remarketing agents and dealers, after the MTA’s finance committee signed off on the move.