Infrastructure

A Senate subcommittee hearing on bridge and tunnel tolls turned into a battleground as state and authority officials defended rising tolls and opposed legislation sponsored by subcommittee chairman Frank Lautenberg, warning it could cripple their abilities to raise revenue and finance projects.

New York's Metropolitan Transportation Authority increased its transportation revenue bond issue on Tuesday by 30%, to $729.1 million from an estimated $556 million during retail pricing.

BRADENTON, Fla. — With solid financials and resiliency during the recession, Charlotte Douglas International Airport is in the midst of a $511 million multi-year capital program.

WASHINGTON — House Republican leaders pushed through another extension of the nation's highway programs Wednesday evening, a move politicians and industry advocates said could clear the way for a conference with the Senate to produce a bill through 2013.

U.S. Bank NA on Tuesday notified holders of the Connector 2000 Association Inc.’s 2011 toll revenue term bonds that an exchange of bonds will take place around May 31.

The Alabama Senate last week passed a bill that would authorize the issuance of $650 million of revenue bonds for highways, roads and bridges.

DALLAS — The Houston Airport System's plan for a $100 million expansion of William P. Hobby Airport hit some turbulence this week as City Council members expressed opposition to a study backing the move on behalf of Southwest Airlines.

Moody’s Investors Service last week upgraded Ohio’s Columbus Regional Airport Authority to A1 from A2 based on its stable financial and operating performance, among other factors.

Virginia Gov. Robert McDonnell announced that the commonwealth has obtained all of the funds needed to proceed with its Elizabeth River Crossings project, including the full $300 million that the Virginia Department of Transportation has committed to the $2.1 billion public-private partnership.

BRADENTON, Fla. — South Carolina federal bankruptcy Judge David Duncan last week approved a plan allowing investors who want to trade their Connector 2000 Association term bonds to exchange them.