Infrastructure

The Port Authority of New York and New Jersey plan to competitively sell $116.8 million of bonds on Wednesday to refund outstanding debt.

DALLAS — Faced with sharply falling revenue, Dallas Area Rapid Transit is considering delaying a key light-rail line to Dallas-Fort Worth International Airport, among other measures to reduce spending.

BRADENTON, Fla. — Florida’s largest ever public-private partnership — a $1.8 billion, limited-access toll road in Jacksonville — will begin moving forward soon.

The Massachusetts Bay Transportation Authority last week approved Richard Davey as general manager of the state’s largest mass-transit system.

Public finance veteran Robert Foran will today be named the new chief financial officer of New York’s Metropolitan Transportation Authority. Foran, 53, a public finance banker for nearly three decades, has been working with MTA since the 1980s and was a key figure in its $15 billion restructuring that began in 2002.

Moody’s Investors Service Thursday upgraded the Port Authority of New York and New Jersey to Aa2 with a stable outlook from Aa3, citing its favorable financial results in tough economic times. The upgrade affects $12.4 billion of outstanding debt.

WASHINGTON — The House Thursday voted 276 to 145 to approve a bill that would increase the maximum allowable passenger facilities charge that airports can collect to $7.00 from $4.50.

New York’s cash strapped Metropolitan Transportation Authority approved a package of service cuts at its board meeting yesterday to help close a $800 million current year deficit.

The House today is expected to vote on a bill that would reauthorize federal aviation programs and allow airports to ramp up revenue they use to back bonds.

DALLAS — The North Texas ­Tollway Authority yesterday named its underwriting team for $900 million of bonds expected to be issued in the next 90 days, including a $500 million deal that will be the first of its kind in Texas.