Infrastructure

The Santa Rosa Bay Bridge Authority's new board learned Wednesday night that its defaulted bonds, sold to build the Garcon Point Bridge in north Florida, may be repaid without losses to investors.

The U.S. Department of Transportation awarded $511 million of grants to 46 transportation projects in 33 states and Puerto Rico under a third round of its popular TIGER program.

For the second year in a row, Virginia Gov. Bob McDonnell plans an aggressive strategy to keep the state's transportation projects moving forward at a fast clip.

Dallas Area Rapid Transit has awarded a design-build contract for the final segment in its $1.5 billion Orange Line project that will connect Dallas-Fort Worth International Airport to the DART light-rail network, officials said.

Dana Levenson jumped at the chance to be chief financial officer of the Massachusetts Department of Transportation.

The Oklahoma Department of Transportation got the go-ahead last week from the Council of Bond Oversight for a $71 million debt issue to finance four highway projects.

With trading active on much of bankrupt American Airlines' $3.2 billion of special facilities revenue bonds, some market participants are sounding a cautionary tone in assessing their value, as bargain hunters eye the airline's discounted bonds secured by collateral.

The Port Authority of New York and New Jersey's Board of Commissioners has approved a preliminary $7.1 billion combined operating and capital budget for fiscal 2012 amid complaints that the agency overspends on World Trade Center redevelopment at the expense of bridge, road and tunnel improvements.

The cancellation of a project to renovate the 70-year-old Brooklyn-Queens Expressway and a connecting portion of the Gowanus Expressway, both part of Interstate 278 in New York City, has prompted calls for a state law allowing public private partnerships.

Fairfield, Conn., opened its third train station, Fairfield Metro, to commuters last week.