Infrastructure

Senate Appropriations Committee members are expected Thursday to vote on transportation funding as part of a second economic stimulus package, Peter Rogoff, staff director of the committee's transportation panel told airport executives meeting here yesterday.

New Mexico Gov. Bill Richardson has proposed a $200 million package of 13 road construction projects that would be financed with $100 million of energy severance tax bonds and $100 million from the state’s surplus.

DALLAS - With $5.4 billion of toll-road related projects on the drawing board, Harris County, Tex., today plans to issue $350 million of senior-lien toll road revenue bonds with maturities stretching to 40 years.

New York's Metropolitan Transportation Authority finance committee approved an amendment to its 2005-2009 capital program that would defer some $2.7 billion of projects. The full board will vote on the amendment tomorrow. The MTA board will also get a presentation tomorrow on the preliminary 2009 operating budget.

The Pennsylvania Turnpike Commission tomorrow will sell $234.8 million of subordinate revenue bonds to help the agency meet its initial fiscal 2009 payment to the state's Department of Transportation.

DALLAS — Harris County gets the show on the road this week for large Texas issuers with a $350 million toll road revenue bond deal led by Goldman, Sachs & Co.

A pair of issuers from Los Angeles will have starring roles in this week's primary market, which is expected to see an estimated $7.67 billion of new-issue volume, according to Thomson Reuters, compared with a revised $6.27 billion last week.

The Metropolitan Transportation Authority’s acting finance director has moved over to become treasurer. Vinay Dayal replaced MTA treasurer John Murphy, who retired after 35 years of service with the New York agency.

Critics of Massachusetts Gov. Deval Patrick's proposal to have the state extend its double-A credit rating to $2.2 billion of Massachusetts Turnpike Authority debt say the administration should look toward reforming MassPike and creating greater transparency before adding more debt on top of the commonwealth's $29 billion of outstanding debt.

The Honolulu city clerk said Tuesday she would not accept petitions from a campaign that is trying to place an initiative measure on the city’s November ballot to kill a planned rail transit system.