Infrastructure

The capital program is the "front and center challenge" for New York's Metropolitan Transportation Authority, outgoing chairman Jay Walder said Wednesday.

DALLAS - Dallas Area Rapid Transit plans a 16% increase in debt service as it continues to expand its light-rail system under the fiscal 2012 budget that begins Saturday.

The South Carolina Department of Transportation is suffering from an extreme cash-flow problem, but Gov. Nikki Haley has said she opposes raising the state gasoline tax as a solution.

A new rail alternative for downtown Raleigh has emerged from public comments related to the Southeast High-Speed Rail corridor, according to North Carolina transportation officials.

DALLAS - The Oklahoma Turnpike Authority will reduce its exposure to the vagaries of variable-rate debt and cut its debt service costs with next week's negotiated sale of $521.7 million of revenue refunding bonds.

DALLAS - The Arizona Transportation Board is scheduled to sell $164.5 million of excise tax revenue bonds in a competitive deal Tuesday.

House Transportation Committee chairman Rep. John Mica, R-Fla., has been given the go-ahead by leadership to include $15 billion more for transportation programs in his multi-year bill, if he can find the revenue, sources said.

Six finalists are in the running for a contract to privatize Luis Muñoz Marin International Airport in San Juan, the Puerto Rico Public-Private Partnership Authority and the Puerto Rico Ports Authority have announced.

The Los Angeles County Metropolitan Transportation Authority board of directors approved plans last Thursday to issue $250 million of bonds.

The Hudson Yards Infrastructure Corp. expects to price $1 billion of new- money bonds the week of Oct. 17 to benefit the extension of the No. 7 subway line in New York City’s transit system from its current terminus on Eighth Avenue to the Hudson Yards redevelopment area.