Infrastructure

Amtrak is seeking $1.3 billion of federal high-speed rail funds to help build two new train tunnels under the Hudson River, linking New Jersey and New York, and expand high-speed rail on the Northeast Corridor.

Portland’s City Council looks likely to approve $45 million of revenue bonds next week in support of a $1.4 billion light-rail project.

Moody’s Investors Service downgraded the Southern California Logistics Airport Authority’s $51 million of subordinate tax-allocation revenue bonds to B1 from Ba3.

WASHINGTON — The Department of Transportation has received more than 90 applications from 24 states, the District of Columbia, and Amtrak seeking a total of nearly $10 billion for high-speed rail projects — more than four times the $2.4 billion available from Florida Gov. Rick Scott’s cancellation of a project in his state.

DALLAS — Construction is expected to begin in June on a $400 million Union Pacific rail hub in Santa Teresa, N.M., financed through a public-private partnership, after New Mexico Gov. Susana Martinez signed four bills related to the project.

Moody’s Investors Service Friday downgraded the Louisville Regional Airport Authority’s revenue bond rating to A2 from A1.

Alabama officials are considering increasing the use of tolls to build roads in the state and replace the potential loss of $150 million in federal funds.

BRADENTON, Fla. — The Kentucky Turnpike Authority Wednesday expects to conclude a two-day pricing of $112.6 million of new and refunding revenue bonds.

Standard & Poor’s has revised the outlook on Lambert St. Louis International Airport’s A-minus rating to negative from stable due to weak debt-service coverage levels.

Missouri Gov. Jay Nixon last week announced plans to submit applications seeking nearly $1 billion in federal high-speed and intercity passenger rail funds.