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The North Texas Tollway Authority’s debt service will increase by 22.3% to $204.5 million under the fiscal 2011 budget adopted in late December. Estimated 2011 total bond debt-service coverage is 1.85 times for first tier debt and 1.44 times coverage overall.
January 3 -
Fitch Ratings last week affirmed its underlying A-plus rating on $99.5 million of Albuquerque’s outstanding senior-lien airport revenue bonds and the underlying A-rating on $38.5 million of outstanding subordinate-lien revenue bonds. Both ratings on the Sunport facility have stable outlooks.
January 3 -
The Colorado Department of Transportation will set aside $21 million for mass transit under its Faster program, or Funding Advancement for Surface Transportation and Economic Recovery, officials said.
January 3 -
The E-470 Public Highway Authority that operates a 47-mile toll road east of Denver announced a series of promotions in top management last week.
January 3 -
WASHINGTON — The incoming chairman of the House Transportation Committee opposes the Republican leadership's proposal for a change in House rules that could hurt the funding of transportation programs.
December 30 -
OAKLAND, Calif. — A Superior Court judge here promised an answer by Monday morning as to whether he will keep in place the temporary restraining order blocking execution of a public-private partnership to rebuild a key access road to the Golden Gate Bridge.
December 30 -
Pittsburgh's City Council late last week was expected to override a veto by Mayor Luke Ravenstahl of a bill that would raise fees on city-owned parking garages to fund pension costs.
December 30 -
The Port Authority of New York and New Jersey last week recommended raising the roadbed of the Bayonne Bridge by 64 feet to provide more clearance for ships.
December 30 -
A Wayne County Circuit Court judge will rule in January on the latest legal wrangle that is part of a larger, years-long dispute over dueling plans for a new bridge serving the busy trade route between Detroit and Canada.
December 28 - Texas
The Harris County Metropolitan Transit Authority last week reached a settlement with CAF USA Inc., over two disputed contracts for the construction of light-rail cars for its North and Southeast Corridor lines.
December 27


