Infrastructure

The Georgia General Assembly Friday ended its 2009 regular session without agreement on new funding for transportation projects as well as measures that would have helped the state's largest transit agency with its budget problems.

The New Jersey Turnpike Authority the week of April 20 will sell $650 million of long-term revenue debt, including $250 million of taxable Build America Bonds, the first new-money sale for the authority since 2005 and the largest sale to date of the new class of securities.

DALLAS - With Texas facing the first drop in fuel-tax revenues in nearly two decades, state Sen. John Carona yesterday called for passage of his bill that would allow counties in metro areas to seek local tax increases.

Starved for new capital funding, the Regional Transportation Authority last week praised the Illinois General Assembly's passage and Gov. Pat Quinn's signing of a $9 billion capital program that provides $900 million for public transit.

DALLAS - As airlines struggled with soaring fuel prices last year, Dallas-Fort Worth International Airport capitalized on the energy boom, earning $28 million in royalties on gas production on its 18,092-acre property.

SAN FRANCISCO - The Los Angeles County Metropolitan Transportation Authority plans to refinance $167 million of auction-rate securities Wednesday, as it works to clear its variable-rate debt portfolio of more than a half-billion dollars of poorly performing assets.

Investors who own billions of dollars of debt issued by the Massachusetts Turnpike Authority and the Massachusetts Bay Transportation Authority are waiting to see how they would fare if the agencies are consolidated or merged in order to reduce costs.

New York lawmakers could be called to a special session next week to consider legislation to bail out the cash-strapped Metropolitan Transportation Authority, Gov. David Paterson said last week.

BRADENTON, Fla. — The $1.2 billion Port of Miami Tunnel project will undergo another procurement process, Florida’s Department of Transportation chief said late Wednesday.

WASHINGTON - A Chicago-area real estate company has proposed an unsolicited 60-year concession to operate the Port of Virginia that would give the state an up-front payment of $500 million and $8.9 billion over the life of the deal.