Transportation industry

With total costs for replacement soaring $15.2 billion, the $7.65 billion of core projects will be prioritized, Washington and Oregon governors said.

Oregon lawmakers balanced the state budget in an intense short session with debates over sports subsidies, transportation cuts and federal income tax conformity.

The New Jersey Turnpike Authority will build a bridge half the size it once planned, providing budgetary savings of $4 billion. 

The California High-Speed Rail Authority's draft business plan was met with a mixture of cautious optimism and sharp criticism.

The agency cited strong student demand as a factor of its uprade to the FIU's issuer default rating.

Brightline West told investors it is pursuing a $4 billion senior loan from a banking consortium and simultaneously working toward the $6 billion federal loan.

The Texas cities of Irving and Farmers Branch joined Plano in calling off May elections on withdrawing from Dallas Area Rapid Transit.

Plano is the first of six Dallas Area Rapid Transit member cities to cancel a May 2 election to drop out of the agency, while others could follow suit.

Gov. Gavin Newsom signed a bill authorizing $590 million of loans to keep public transit operators around San Francisco running amid post-pandemic conditions.

The Fortress Investment Group-backed railroad will be penalized with a 2% step-up in the interest during that time, according to a filing.

The sprawling Dallas-Fort Worth metroplex served by three transit agencies could see more regionalization of services in the future.

Cases involving bonds for the city's convention center and a light-rail project are pending before the Texas Supreme Court.

The state sold the debt in a competitive auction Tuesday morning, with interest rates landing in the low 3% to high 4% range across maturities.

A Senate bill would introduce public-private partnerships for transportation projects, while another would transfer ownership of roads to localities.

Wells Fargo Securities will price for the Chicago Transit Authority $575 million of first and second lien sales tax receipts bonds on Thursday, Feb. 5.

The rail tunnel connecting New York and New Jersey is well underway, but the project can't continue without federal funds the adminstration has choked off.

Addison is the sixth of Dallas Area Rapid Transit's 13 member cities where voters will decide in May whether to drop out of the agency.

The Coast Guard endorsed an elevated fixed span to replace the Interstate 5 lift bridge linking Oregon and Washington over the Columbia River.

Dallas Area Rapid Transit's moratorium on new debt issuance comes as voters in five of its 13 member cities will decide whether to withdraw from the agency.

Foothill-Eastern Transportation Corridor Agency, one of two toll systems operated by The Transportation Corridor Agencies, received a ratings boost to A3.