Infrastructure

Amid big changes in leadership and policies, the North Texas Tollway Authority has agreed to build what could be its last major project for several years.

The Delaware River Port Authority is embarking on a series of reforms intended to professionalize the bi-state agency, which has been the subject of allegations of fiscal mismanagement, and avoid similar problems in the future.

The Santa Rosa Bay Bridge Authority could deplete its debt-service reserve in the current fiscal year, which could result in a payment default next July, Florida Department of Transportation officials said Wednesday.

The Oklahoma Transportation Commission last week approved the sale of $215 million of bonds to finance the next phase of the state's eight-year highway plan. The blueprint, which includes almost $4.3 billion of road and bridge work through 2018, is updated annually.

The Kansas Department of Transportation will begin a $1.7 billion bond financing for the state's new transportation plan with today's negotiated sale of $325 million of taxable Build America Bonds.

WASHINGTON — The South Carolina Department of Transportation is challenging the Connector 2000 Association Inc.’s Chapter 9 bankruptcy filing, delaying efforts to restructure $369 million of the agency’s toll road bonds that went into default at the beginning of the year.

Massachusetts Gov. Deval Patrick is looking for $32.5 million of federal funds to help finance added rail capacity at Boston’s South Station.

The Pennsylvania Turnpike Commission is gearing up to sell about $600 million of revenue debt on Wednesday, including taxable Build America Bonds, to help finance infrastructure needs on the state’s 535-mile toll road.

WASHINGTON — Fitch Ratings this week released expanded global criteria that its analysts will use to evaluate debt secured by tolled facilities such as roads, bridges, and tunnels.

DALLAS — Louisiana is taking $403.5 million of gasoline and fuel-tax bonds to market next week as tax-exempt debt, rather than Build America Bonds, in response to investor demand.