Economy

Allowing states to levy tolls on interstates would solve the revenue problem hobbling highway P3s, advocates tell Senate Finance Committee.

The Supreme Court's Thursday ruling that upheld the legality of federal subsidies under the Affordable Care Act is a win for the hospital sector that provides some stability through the remainder of the Obama presidency, analysts said.

The federal government extended All Aboard Florida’s $1.75 billion private activity bond allocation, relieving pressure on the private train owner to issue the bonds as legal challenges proceed.

The Senate Environment and Public Works Committee adopted a six-year highway bill with a 4.6% boost in federal funding.

Further delays in obtaining a five-year capital plan could mean even more delays for the East Side Access project to bring the Long Island Rail Road to Grand Central, said New York MTA Chairman Thomas Prendergast.

Moody’s Investors Service has revised its outlook on Kansas City, Missouri’s Airport Enterprise ratings to positive thanks to recent revenue and traffic growth.

The Senate Environment and Public Work Committee’s six-year transportation proposal would provide about $43 billion a year of federal highway funding.

New York State is releasing $75 million to accelerate resurfacing projects on roads that suffered widespread damage from a harsh winter season, Gov. Andrew Cuomo announced.

The finance committee of New York's MTA approved a motion to authorize the use of variable rate refunding bonds in connection with targeted refunding bonds.

New York MTA board member Allen Cappelli proposed adding $30 million to the authority’s budget to restore more services that were cut in 2010.

Covenant violations on lines of credit and poor operations caused Howard University's bond rating to fall with the possibility of the rating declining more if the university cannot fix operations that have been running a deficit in recent years.

Two congressmen are urging House leaders to bring the pending transportation bills up for a vote and deem the one with the most votes as having passed the chamber under a “Queen of the Hill” rule.

A gasoline tax increase is not going to be the revenue solution for a multiyear highway bill, Sen. Orrin Hatch, R-Utah, said Thursday.

New York MTA Chairman Thomas Prendergast remains confident in getting approval of a five-year capital program, which is sitting in limbo.

New York’s MTA launches a $250,000 railroad grade crossing safety campaign with nonprofit advocacy group Operation Lifesaver.

A federal judge Tuesday said federal approval of a controversial $1.5 billion toll road between Indiana and Illinois was “arbitrary and capricious” and in violation of federal environmental law.

The chairman of the House Ways and Means Committee has ruled out raising the federal gas tax to support a multiyear transportation funding bills and says another short-term fix for the Highway Trust Fund is inevitable.

The Bob Hope Airport in Burbank plans to sell a 59-acre parcel upon which a replacement terminal was originally proposed.

North Carolina reached agreement with conservation groups June 15 that will allow the state to replace the 50-year-old deteriorating Bonner Bridge.

Senate Democrats said they want progress on a highway bill before the current short-term fix expires July 31.