Economy

The extension of a tax that supports Honolulu’s $6.9 billion elevated rail project is a credit positive, Moody’s Investors Service said.

Cleveland expects $17 million in savings on its $151 million refunding issue for Cleveland Hopkins International Airport this week.

The Port Authority of New York and New Jersey announced Monday that it established a new cargo volume record in 2015.

Congressional Republicans oppose President Obama’s proposal to fund a greener transportation system with a tax on oil.

Rating agencies affirmed a two-notch spread on Nevada's highway revenue bond ratings ahead of a $200M competitive sale.

New Hampshire Gov. Maggie Hassan is pitching a 10-year $3.7 billion transportation plan that thanks to federal assistance allows the state to tackle more infrastructure needs.

President Obama will propose $32.4 billion per year of additional funding for innovative transportation efforts with his fiscal 2017 executive budget.

The Washington Metropolitan Area Transit Authority’s chief financial officer on Thursday contradicted press reports that the authority may have to have discussions with its bondholders to ease its debt.

Long-range road funding bill approved by Indiana House calls for highway planners to study the feasibility of tolling Interstate Highways.

The Port of Oakland has lost its second-largest terminal operator, a blow that Fitch Ratings said should be manageable.

Fiscally distressed Wayne County, Mich., expects $23 million in fiscal 2016 budget relief from cuts in retiree healthcare benefits that trimmed $850 million from its unfunded liabilities.

In a newspaper column Tuesday, the governor said he would not support budget cuts that could throw universities into financial exigency and close hospitals in order to deal with Louisiana's budget crisis.

Pennsylvania road revenues will over the next 12 years will be $6 billion shy of the $34 billion needed for its long-range plan.

Relieving the congestion on urban highways in Texas will be a continual process that requires additional funding sources, planners say.

Chicago and the major airlines that operate at O’Hare International Airport have agreed to a $1.3 billion plan that paves the way for construction of a new runway that would complete the long-planned parallel reconfiguration of runways.

The Connecticut Bond Commission approved $17.5 million in state funding for the design, engineering and construction of a rail yard on the Metro-North Railroad Danbury branch line in Norwalk.

Rhode Island Gov. Gina Raimondo is scheduled to deliver her annual budget address with jobs, economic development and truck tolls her expected focus.

Voters in Portland, Ore., will decide May 17 on the city's proposed four-year, 10 cent per gallon gasoline tax.

Dallas Area Rapid Transit expects savings of $47 million or about 9% on a $483 million advance refunding of 2008 bonds.

Texas will spend $1.3 billion on 14 highway projects aimed at reducing traffic congestion in five cities.