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CHICAGO - When General Motors Corp. last week lobbied Detroit's two pension funds to invest in its prominent downtown headquarters to help raise $500 million, some saw it as an illustration of the severity of the fiscal pressures facing the U.S. auto industry.
October 15
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The Oklahoma Transportation Commission last week approved an estimated $4 billion construction plan for the next eight years that will include projects in each of the state’s 77 counties.
October 14 -
Public-private partnerships for transportation deals that involve concessions are likely to be held to new standards on pricing and competition, under a rule proposed last week by the Federal Highway Administration.
October 14 -
DALLAS - With short-term interest rates in a volatile state, the Texas Department of Transportation is planning a current refunding of $150 million of variable-rate toll bonds, most of which are held by Germany's Depfa Bank.
October 14
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New Jersey officials last week approved toll increases on three toll roads, a move that will boost debt service coverage on New Jersey Turnpike Authority debt and help fund transportation infrastructure projects throughout the state.
October 14 -
The Federal Aviation Administration plans to go ahead with auctions of flight slots at three airports owned by the Port Authority of New York and New Jersey, the U.S. Department of Transportation announced yesterday.
October 10 -
WASHINGTON - House Speaker Nancy Pelosi will convene a forum here Monday to launch the development of a second economic stimulus package.
October 10 -
The Massachusetts Bay Transportation Authority is eager to sell $350 million of new-money assessment bonds, once market conditions allow for the agency to issue long-term debt.
October 10
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The New Jersey Turnpike Authority plans to vote on its proposed toll hikes at a special meeting set for Friday, with those potential changes to take effect on or about Dec. 1, according to spokesman Joe Orlando.
October 9 -
The highway advocacy group Driving Louisiana Forward has launched an effort to boost state spending on road and bridge projects by at least $145 million a year.
October 9
