Infrastructure

SAN FRANCISCO — Like a patron at a Las Vegas buffet, the airport that serves the city is sampling a variety of the bond provisions enacted in this year’s federal stimulus bill.

BRADENTON, Fla. - The Mississippi Department of Transportation yesterday announced that due to the credit crisis, it has suspended the procurement process for the state's first toll road to be built as a public-private partnership.

Despite the lagging economy, the summer season proved to be busy at Hartsfield-Jackson Atlanta International Airport.

DALLAS - Dallas-Fort Worth International Airport is moving toward a $1.5 billion bond-financed renovation of the four original terminals that debuted 35 years ago.

Florida has dipped into its transportation trust fund for money to keep other programs going - an action other states may be forced to take if revenues continue to decline, market participants said.

DALLAS - The New Orleans Regional Transit Authority has proposed a $212 million streetcar expansion effort that would be financed with $73.5 million of sales tax revenue bonds and $121 million in federal transit funds.

New York Gov. David Paterson's choice to run the Metropolitan Transportation Authority said at a hearing yesterday that he would work with the Legislature to find a solution to the cash-strapped agency's needs but didn't offer proposals of his own. The state Senate will consider the nomination of Jay Walder as chairman and chief operating officer at a full confirmation hearing tomorrow.

New York's Triborough Bridge and Tunnel Authority's is returning to the competitive market on Thursday after a hiatus since 2001. The deal, a $158 million taxable Build America Bond offering, is coming on the heals of outlook changes to negative by two rating agencies last week.

CHICAGO - With an upgrade in hand, the Missouri Highways and Transportation Commission heads into the market next week with $600 million of Garvees and will return next month with $300 million of road bonds that mark the final installment of borrowing under a $2 billion construction program.

The Government Accountability Office has issued a legal decision that says highways maintained by private third parties under public-private partnerships, including tolled highways, are eligible for federal highway grant funding.