Economy

The State Highway 130 Concession Company led by toll road developer Cintra will try to reorganize under Chapter 11 bankruptcy after revenues from the $1.35 billion project fell far short of projections.

An investment banker hired as an expert witness in lawsuits challenging All Aboard Florida’s passenger train service said tax-exempt financing is critical to funding the $3.5 billion project, although the private company says that’s not true.

New York MTA expects to formally submit its proposed $29 billion five-year capital program to a state review board “in the next month or two,” an official said.

Group says National Parks Service could whittle down much of its $12 billion maintenance backlog with public-private partnerships.

Maryland has selected its preferred private partner for the multi-billion dollar Purple Line light rail project, Gov. Larry Hogan said Wednesday.

The Northern Indiana Commuter Transportation District is issuing $89.1 million in tax exempt limited obligation revenue bonds to fund the installation of the federally mandated positive train control to its existing rail infrastructure.

Honolulu Mayor Kirk Caldwell wants control of Honolulu’s $6.9 billion elevated returned to the mayor’s office.

The North Broward Hospital District in Florida saw Moody’s Investors Service drop its bond ratings three notches to Baa2 amid a severe decline in revenue and new probes into its operations.

The heavily indebted North Texas Tollway Authority continues to reduce losses from toll violators as the region’s drivers seem undeterred by automatically increasing rates, according to Moody’s Investors Service.

DOT to Provide Grants for Projects Relieving Congestion

The MBTA, which operates the Greater Boston mass-transit system, expects to cut its projected fiscal 2017 operating deficit by 43%, to $138 million.

A sharp decline in cash sent the Mission, Texas, Hospital District's rating further into junk territory, according to Moody's Investors Service.

Sacramento, Calif.’s creation of a long-term plan to fund its retiree healthcare benefits has put the city on a more sustainable trajectory, Moody's Investors Service said Friday.

A 2.2 cents per gallon cut in California’s gasoline tax will reduce funding for road and transit projects.

New York Mayor Bill de Blasio's proposed streetcar line through Queens and Brooklyn waterfront neighborhoods has drawn some skepticism about its funding plan.

In the second in a series of promised visits by U.S. cabinet secretaries to Puerto Rico, Transportation Secretary Anthony Foxx on Thursday announced steps to speed Federal aid to highway projects on the island.

Republican lawmakers contend that President Obama is breaking last year's budget agreement with his fiscal 2017 DOT proposal.

New York's MTA delayed holding a vote on a pre-agreement for a 99-year lease of its former midtown Manhattan headquarters to Mort Zuckerman's Boston Properties.

Newark Mayor Ras Baraka is calling for an audit of Port Authority of New York and New Jersey revenue related to the agency’s lease agreement with the city.

The full board of New York's Metropolitan Transportation Authority approved an additional $66 million to accelerate construction of the long-delayed Second Avenue subway line.