Economy

A federal judge is allowing a lawsuit against the $2.6 billion Ohio River Bridges Project to proceed. Judge John Heyburn ordered briefs filed by the end of February.

Pennsylvania Gov. Tom Corbett and the Philadelphia Regional Port Authority announced the signing of a Delaware River dredging contract.

Gov. Andrew Cuomo announced that the New York State Department of Transportation has awarded a $29.3 million contract through the NY Works program for repairs to 13 bridges.

After proposing a toll increase in June, the Maine Turnpike Authority board is expected to make a final decision on a new toll structure Aug. 16.

Rep. Frank Wolf, R-Va., announced this week that he has introduced legislation that would hand control of the Metropolitan Washington Airports Authority to Virginia.

Moody's Investors Service changed the rating outlook to positive from stable on the Metropolitan Nashville Airport Authority's $197 million of A2-rated bonds. Moody's also upgraded the authority's $63 million of rental car facility bonds to A3 from Baa1.

The Kentucky Transportation Cabinet has issued the final guidelines that three teams will use to develop proposals for building the state's half of the $2.6 billion Ohio River Bridges Project.

Moody's places the Massachusetts Bay Transportation Authority's senior sales tax bonds on review for possible downgrade, affecting roughly $3.8 billion in debt.

These reduced forecasts are likely to impair the ability of Pocahontas 895 to service the bank and Transportation Infrastructure Finance and Innovation Act (TIFIA) loans used to fund the road's development.

Travis County, Texas, voters should vote in November to raise the hospital district's property tax rate by 5 cents to support construction of a new medical school in Austin, state Sen. Kirk Watson said Monday.

The judge in Stockton's bankruptcy case has denied an injunction that would have kept the city from cutting retiree medical benefits during the Chapter 9 process.

Moody's Investors Service calls a bill designed to rein in health care costs a credit negative for Massachusetts hospitals because it will limit revenue growth and reduce operating flexibility.

Outgoing Indiana Gov. Mitch Daniels last week asked the state's three gubernatorial candidates for their input on steps to implementing the new federal health care law.

Indiana last week released its final request for proposals for the East End Crossing of the massive $2.6 billion Ohio River Bridges Project.

The transportation infrastructure funding crisis facing governments at all levels is providing a "silver lining" in finance innovation as state governments are turning increasingly to such new tactics as variable-rate fuel taxes and mileage-based user fees, according to a report released this week by the National Conference of State Legislatures.

The nine Georgia regions encompassing 113 counties could face additional funding pressure due to rejection of transportation sales tax, according to Moody's.

Vermont's $10 million bond sale will help it receive an additional $51 million in federal funding for bridge and road projects throughout the state, said State Treasurer Beth Pearce.

Chicago plans to enter the market Wednesday with the first piece of $1.2 billion of O'Hare International Airport refunding debt in a deal expected to generate double-digit savings while also streamlining the airport's lien structure. The city will sell $769 million of GARBs Wednesday and follow up later in the month with $443 million of PFCs.

Joining a lower Manhattan real-estate scramble, New York's issued a request for proposals to oversee retail space in its planned Fulton transit center.

Louisiana must move quickly to avoid damage to its Medicaid program resulting from a sooner-than-expected end to federal assistance, state Treasurer John Kennedy said last week in outlining a 14-step plan.