Infrastructure

With a planned $85.7 million offering Wednesday, the Port Authority of New York and New Jersey will stick with its strategy of doing smaller but more frequent competitive deals, given that the market remains challenging for bigger bond issues.

CHICAGO - At least three of Ohio's six port authority bond fund programs are grappling with delinquent borrowers who are struggling to repay loans from the funds in the declining economy.

House members this week are set to take up a transportation reform bill after the Senate passed the measure last week in a vote of 39 to 1.

WASHINGTON - An increase to the passenger facilities charge that would fill airport coffers with more than $1 billion dollars in additional revenue each year could be included in a long-delayed aviation bill, but a House-proposed 55% increase may be unlikely because of political obstacles in the Senate, congressional staffers said Friday.

Gov. Martin O’Malley last week announced that Maryland was the first state to meet requirements that will allow it to use at least half of its $431 million of highway funding provided by the stimulus package.

WASHINGTON — Moody’s Investors Service said yesterday that it will maintain its negative outlook on U.S. airports for the next 12 to 18 months because of the economic crisis, and that unfavorable industry trends will put downward pressure on airport credit ratings.

State Treasurer Bill Lockyer Monday received the California State Parks Foundation’s Legacy Award at a Monday ceremony for his efforts to block an Orange County toll road.

Gov. Sarah Palin has appointed a substitute teacher to serve on the board of the Alaska Railroad.

New York's Metropolitan Transportation Authority yesterday approved fare and toll hikes and service cutbacks to close a $1.2 billion budget gap as the Legislature failed to agree on a rescue plan.

The House and Senate budget committees yesterday began laying the groundwork for federal spending for the next five years, although any budget resolution resulting from the proposals in both chambers would not set legislative specifics and would only be intended as a blueprint.