Economy

New York's MTA awarded two contracts valued at $628 million to East Side Access contractors who will wall more than 10,000 linear feet of newly excavated tunnels and install communications systems.

Connecticut Gov. Dannel Malloy called for several state investments in major highway, bridge and rail projects as part of a five-year capital infrastructure program.

Transportation Secretary Anthony Foxx is barnstorming across eight states to warn that road projects may be halted if Congress does not replenish the Highway Trust Fund.

A North Carolina Interstate toll project aimed at congestion relief faces growing resistance from opponents that want the federal highways to remain freeways.

A bipartisan group in Congress wants to fund transportation projects with an infrastructure bond bank supported by revenue from corporate tax code reforms.

A $1.8 billion plan to eliminate an Interstate 70 viaduct built in the 1960s wins Denver City Council support.

Capital projects scheduled by infrastructure-related issuers like transportation and utility entities will keep the sector busy despite expected low issuance this year, investors and issuers said at a JP Morgan conference.

Kentucky Gov. Steve Beshear vetoed enabling legislation for statewide use of public-private partnerships late Friday saying it was wrong to enshrine in law a toll ban on a long-planned $3.5 billion bridge project.

The Missouri House approved placing on the November ballot a 1 cent sales tax increase to fund transportation projects.

After seven years where Puerto Rico's economy generally declined, several economists say there are signs that it is stabilizing.

Leaders on the Senate Environment and Public Works committee said they reached an agreement on principles for a surface transportation reauthorization bill and suggested funding could be raised through tax reform.

The Massachusetts Bay Transportation Authority, which operates Greater Boston's mass transit system, intends to sell $200 million of senior sales tax bonds.

In Memphis, Tenn., and Atlanta, major airport-centered economic development plans anticipate using innovative and traditional financing.

Federal lawmakers are examining the Canadian public-private partnership model for lessons to apply in the U.S., where a major infrastructure bank bill awaits action in both chambers of Congress.

The Texas Department of Transportation is facing a federal criminal investigation of its land deals for expansion of Interstate 35E, according to reports.

A hike in Illinois' motor fuel tax and vehicle registration fees could help raise an additional $1.8 billion of annual revenue for transportation under a proposal announced by an Illinois coalition.

Moody's Investors Service boosted Advocate Sherman Hospital's rating by one level to Baa1 in recognition of its acquisition by the fiscally healthier Advocate Health Care Network last year.

Joe Weber, a former Texas A&M classmate of Gov. Rick Perry and longtime friend, will head the Texas Department of Transportation.

With its grand opening a month away, Denver's Union Station redevelopment has attracted nearly $1 billion in private investment, according to the Regional Transportation District.

Genesis Healthcare, an already junk-rated two-hospital system located outside Zanesville, Ohio, was downgraded by Moody's amid weak cash-flow margins.