Infrastructure

Businesses and organizations associated with the chairman of the Arkansas Highway Commission are the major contributors in support of a statewide election in November to reauthorize $525 million of grant anticipation revenue vehicle bonds.

WASHINGTON - The aviation community was prepared to see House Transportation Committee chairman John Mica, R. Fla., introduce a new Federal Aviation Administration extension bill Friday, one expected to pass both houses of Congress without a battle this week. But it didn't happen.

WASHINGTON - Fitch Ratings downgraded the Metropolitan Washington Airports Authority's airport revenue bonds to AA-minus from AA as it prepares to issue $192 million of refunding bonds.

Some of investment banking's marquee names are competing to run Puerto Rico's main airport under a privatization plan that's part of a Federal Aviation Administration pilot program.

BRADENTON, Fla. - North Carolina Gov. Beverly Perdue has announced a plan to accelerate "urban loop projects" in six cities using grant anticipation revenue vehicle bonds.

Fitch Ratings upgraded the underlying rating on $430 million of outstanding Pennsylvania Turnpike Commission registration fee revenue refunding bonds, Series 2005, to AA-minus from A-plus with a stable outlook.

Transportation Secretary Richard Davey warned that closing the Massachusetts Bay Transportation Authority’s budget deficit next year without fare hikes or service cuts would be “very difficult.”

The Senate Environment and Public Works Committee on Thursday voted unanimously to extend federal highway aid for four months to Jan. 31 at current spending levels.

Moody’s Investors Service gave an A2 rating to $296 million of airport refunding bonds that Hawaii plans to sell this month. The savings from the deal is expected to exceed 6%.

The San Francisco Municipal Transportation Agency is already trying to tackle a $23 million annual budget deficit, according to local press reports.