Economy

El Paso will seek new money for its airport and savings on outstanding debt with a combined $155 million issue of refunding bonds and certificates of obligation.

The chairman of the Port Authority of New York and New Jersey, David Samson, has resigned his position as of Friday morning, New Jersey Gov. Chris Christie said.

New York Gov. Andrew Cuomo unveiled a transportation resiliency program to help prepare the region for future emergencies and reduce storm impact on vital transportation infrastructure.

Sen. Barbara Boxer, D-Calif., on Thursday said she expects the Senate Environment and Public Works Committee will be able to vote on a six-year transportation bill next month.

Pennsylvania's Department of Transportation will invite four teams to submit proposals for the rapid bridge replacement P3 project, said Commissioner Barry Schoch.

The prospect of a state budget that would divert $40 million of transit operating funds for debt service doesn't faze the New York MTA Chairman Thomas Prendergast.

Grassroots pressure is building on Congress to pass a transportation funding bill this summer and prevent a halt in construction projects as the Highway Trust Fund approaches insolvency.

The authority planning a long-stalled bridge across Alaska's Knik Arm wants lawmakers to shift the project from a public-private partnership to traditional public financing.

New York's State Department of Health is this year's winner of the Citizens Budget Commission prize of public service innovation.

Retail pricing began Tuesday for the Pennsylvania Turnpike Commission's $236 million sale of Series 2014A senior turnpike revenue bonds.

Bonds approved by voters in 2012 are expected to help El Paso County close a $17 million gap in funding for a highway link to a new international bridge.

Atlanta plans to refund $705.5 million of bonds originally sold to finance improvements at Hartsfield-Jackson Atlanta International Airport.

Maryland can proceed with the selection of a private partner to design, build, and operate the $2.4 billion Purple Line commuter rail project via a public-private partnership after federal approval last week of the environmental impact statement.

Support for 'Gridlock Sam' Schwartz's latest plan to ease New York congestion and toll inequity ranged from a motor truck association to the Straphangers Campaign.

The Regional Transportation of Illinois is expanding its pursuit of companies and towns involved in the practice of setting up alleged sham offices in small towns to avoid higher sales taxes in Cook County.

The Federal TIFIA loan program provides lower cost capital for toll roads, but can increase bondholder risk, Moody's Investors Service said in a new report.

Three Detroit-area hospital systems said Friday they plan to merge into a single $2.8 billion system.

Aviation groups difference over a proposal to fund airport infrastructure projects with higher passenger facility charges.

The scandal over a traffic jam on the George Washington Bridge not only damaged Gov. Chris Christie's presidential prospects, it spotlighted the politicization of the Port Authority of New York and New Jersey, a major municipal bond issuer.

Wisconsin received the AAA rating from Kroll Bond Rating Agency on its transportation revenue bond credit ahead of a nearly $400 million sale slated for Thursday. The other agencies rate the bonds in the mid- to high double-A category.