Infrastructure

Kansas Gov. Mark Parkinson traveled across the state last week for ceremonial signings of a long-term, $8.2 billion transportation program. The effort will be financed with proceeds from an estimated $1.7 billion in revenue bonds, a portion of a 1% sales tax increase, and higher fees for heavy trucks.

Los Angeles Mayor Antonio Villaraigosa Wednesday celebrated the completion of a $737 million project to renovate the Tom Bradley International Terminal at Los Angeles International Airport.

WASHINGTON — Virginia is reviewing its public-private partnership program to ensure the state can most efficiently leverage private funds as its transportation revenues have dwindled amid the economic recession.

WASHINGTON — The House was poised late Thursday to consider an amendment to the tax-extenders package that would slightly alter the distribution of nearly $1 billion to states for transportation projects.

CHICAGO — The Illinois State Toll Highway Authority plans in early to mid-June to sell $400 million of refunding bonds as it moves to shift a chunk of synthetic floating-to-fixed-rate debt to a traditional fixed-rate structure to reduce bank and liquidity risks.

LOS ANGELES — The first public-private partnership project under a program championed by California Gov. Arnold Schwarzenegger recently cleared a major procedural hurdle, though questions remain over whether the Presidio Parkway project is the right way to use P3s.

An analysis of the Georgia Department of Transportation’s first public-private partnership outlines significant economic development benefits for the Atlanta metropolitan area and the state as a whole.

A Michigan House subcommittee last week approved three bills that would authorize a bond-issuing regional authority to oversee a 400-mile mass transit system running throughout the Detroit area.

The Metropolitan Transportation Authority could sell revenue anticipation notes to fill a hole caused by New York’s withholding of subsidies, officials said at a finance committee meeting yesterday. This month the state has withheld $275 million of certain aid payments to the MTA, officials said.

A group of senators led by Christopher J. Dodd, D-Conn., were poised late yesterday to introduce legislation that would provide public transit systems across the country with $2 billion of emergency operating funds to help ease the strain on their budgets.