Economy

The nearly $30 billion in economic damages caused by Hurricane Sandy will not have a detrimental effect on the creditworthiness of U.S. debt, but it is likely to have negative consequences for mid-Atlantic electric utility companies.

State transportation agencies are working together to develop strategies aimed at making investment in infrastructure more palatable to the public, as official fears of a rising investment gap meet public concerns about long-term debt.

Indiana's transportation director visited Ohio to tout the Hoosier State's $3.8 billion toll road lease as Ohio Gov. John Kasich nears an announcement on the privatization of the Ohio Turnpike.

A federal judge rendered a split decision in an environmental lawsuit brought against Honolulu's $5.2 billion elevated rail project, but did not order a halt to construction.

Harrisburg's state-appointed receiver insists that selling the parking garages in Pennsylvania's capital city is still a better option than keeping them and using their revenue to pay down incinerator-related debt.

Regular weekday commuter rail service has returned to the Metro-North Railroad's New Haven line.

The medical community in Austin, Tex., is divided over a ballot proposition that would support a University of Texas medical school in the state capital.

The Metropolitan Atlanta Rapid Transit Authority will consume its reserves by 2018, and that could derail plans to fund billions in capital needs over the next decade, according to Moody's Investors Service.

Indiana University selected Goldman Sachs to act as its main advisor on a proposal to privatize its parking system in a bid to raise cash to offset declining state aid and other revenue sources.

Fitch Ratings downgraded $572 million in debt issued for Loma Linda University Medical Center one notch to BBB-minus, the lowest investment grade rating

Alaska voters will decide on a $453 million transportation bond next week.

Dallas Area Rapid Transit has rescheduled its $128.3 million revenue bond pricing for Nov. 8 after the deal was postponed by the storm that shut down the financial markets in New York.

Virginia Gov. Bob McDonnell blasted the Metropolitan Washington Airports Authority after a new U.S. Department of Transportation report found numerous flaws in its policies and procedures.

The Louisville and Southern Indiana Bridges Authority approved a development agreement governing the construction, financing, and long-term management of the Ohio River Bridges Project.

The $652 million harbor dredging project for the Port of Savannah, Ga. cleared a major hurdle when the U.S. Army Corps of Engineers signed the Record of Decision approving the project.

Hurricane Sandy left the best laid capital plans of New York-area transportation agencies in shambles, hitting the Metropolitan Transportation Agency the hardest, flooding tunnels, subway lines and rendering most rail services in New York and New Jersey inoperable.

Two of Michigan's largest providers Wednesday announced plans to merge to create a new $6.4 billion system, joining the growing number of providers nationally who are hoping to consolidate.

A $1.3 billion network of bond-financed highways linking major cities in Arkansas would enhance the state’s economy and quality of life, proponents said Tuesday.

As the Southeast's economy slowly begins to thaw, measures on the Nov. 6 ballot reflect both fiscal conservatism and pent-up demand for education and transportation needs.

Though they can often deliver infrastructure projects faster and at lower cost than traditional procurement, P3s are not a silver bullet and not always the right way to go, according to a new white paper released by the National Council for Public-Private Partnerships.