Infrastructure

The next phase of the Dulles Rail Project will cost $2.7 billion — much lower than the previous $3.8 billion estimate that included an above-ground station, the Metropolitan Washington Airports Authority announced Tuesday.

CHICAGO — The governors of Kentucky and Indiana Monday released the first comprehensive financing plan for a massive $2.6 billion bridges project that will rely heavily on tolls.

DALLAS — As George Bush Intercontinental Airport's $1 billion redevelopment gets under way, Houston will issue $520 million of refunding bonds for the facility Tuesday, the largest deal of the year so far in Texas.

New York's Metropolitan Transportation Authority will go to market armed with a creative tool: the floating-rate note.

The North Carolina Turnpike Authority has received final federal approval of the route for the Garden Parkway, a 22-mile, limited-access toll road.

Seattle’s Highway 99 tunnel project is now expected to only get half of the expected $400 million to pay for construction costs from tolls, according to the Seattle Times.

WASHINGTON — With high-speed rail projects having trouble getting government and private financing, infrastructure firms and rail advocates are looking to "Plan C" - public-private partnerships.

Three months into its Chapter 11 bankruptcy, American Airlines Inc. has begun to show its hand to investors holding $3.2 billion of the carrier's special facilities revenue bonds by making good — at least for now — on some debt-related payments while moving as expected to shed other obligations.

The chairman and chief executive of New York's Metropolitan Transportation Authority said the timing is ideal for two bond sales in March, including a $400 million offering next week.

Transportation Secretary Ray LaHood and House Transportation Committee chairman John Mica traded jabs over the funding of California's high-speed rail project Wednesday, the latest public display of the rift between House Republicans and the Obama administration over the future of American transportation.