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Moody’s Investors Service downgraded $764 million of Massachusetts Bay Transportation Authority assessment bonds Thursday to Aa1 from Aaa to reflect the credit rating agency’s pool financing methodology.
February 10 -
House Republican leaders are calling for a bill to be introduced next week that would temporarily extend transportation programs, John Mica, R-Fla., chairman of the House Transportation Committee, said at a conference here on Tuesday.
February 9 -
The Connector 2000 Association Inc., a beleaguered Greenville, S.C., toll road operator that a year ago defaulted on $329 million of bonds, needs bondholders to approve a tentative restructuring plan to exit bankruptcy.
February 9 -
WASHINGTON — Officials in the Obama administration on Tuesday announced plans to spend $53 billion over six years to finance the construction of a national high-speed rail and intercity passenger rail network.
February 8 -
ALAMEDA, Calif. — The Seattle City Council Monday ratified agreements designed to smooth the path toward construction of a tunnel to replace the elevated Alaskan Way viaduct along the city’s waterfront.
February 8 -
New Gov. John Kasich said again last week that he is considering leasing the Ohio Turnpike, a move that could bring in $2.4 billion. Of that, the state would have to pay off $600 million of outstanding debt, which would need to be defeased in the event of privatization.
February 8 -
DALLAS — Analysts say that debt ratings for international toll bridges in Texas are bearing up under the stress of continuing drug violence in Mexico and recent traffic declines due to additional crossing points.
February 7
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Democratic lawmakers and Amtrak Monday announced a $13.5 billion plan to increase rail service between New Jersey and Manhattan by building two new train tunnels underneath the Hudson River.
February 7 -
Legislation that would reduce New Jersey Turnpike Authority tolls prompted a conference call Friday between the agency and Moody’s Investors Service.
February 4 -
ALAMEDA, Calif. — Most holders of $451.5 million of first-tier revenue bonds issued for the Las Vegas Monorail are prepared to accept $111 million up front and release Ambac Assurance Corp. from its exposure to the defaulted bonds, the bond trustee said in a disclosure filing.
February 4
