Infrastructure

Current record-high gas prices are not hurting the credit quality of state highway user tax bonds, according to Standard & Poor's.

Memphis-headquartered Pinnacle Airlines Corp. filed for Chapter 11 reorganization on Sunday.

A proposal to issue $325 million of revenue bonds to upgrade and repair state rural roads was approved by the Louisiana House Tuesday without a dissenting vote.

The Georgia Department of Transportation said Tuesday it and federal agencies have officially begun preparation of an environmental impact statement on the proposed multi-modal passenger terminal in Atlanta.

Standard & Poor's issued its first public rating of a public-private partnership in the United States, a BBB-minus for a project to build a tunnel under the Elizabeth River between Norfolk, Va., and Portsmouth.

SAN FRANCISCO —The projected price tag for California's planned high-speed rail system between San Francisco and Los Angeles has been cut by a third.

Chicago has requested a federal extension until the end of the year to decide whether to attempt to privatize Midway Airport, a move that preserves the city's ability to resurrect a lease deal that could generate several billion dollars in up-front cash.

The Port Authority of New York and New Jersey is scheduled to auction $400 million of its consolidated bonds on Wednesday.

CHICAGO — The Michigan Senate last week advanced a measure to divert a piece of the state's fuel sales tax to finance transportation infrastructure projects, part of an effort to raise more money for the depleted roads fund.

WASHINGTON — A coalition of state departments of transportation have banded together to urge the House Republican leadership to avoid including any language in a transportation bill that would remove "important optional financing tools" for some public-private partnerships.