Transportation industry

With $9 billion of transportation projects awaiting funding, Colorado Gov. John Hickenlooper is joining legislative leaders in supporting a $3.5 billion bond program for shovel-ready projects.

Tennessee Gov. Bill Haslam rolled out legislation Wednesday that would cut taxes and increase transportation funding for the first time in 28 years.

VP-elect Mike Pence promises new Trump administration will propose an infrastructure bill that would fund large projects.

With a privately owned passenger train service just months away from starting up in south Florida, opponents told a federal judge it would be inequitable to dismiss their lawsuits because of a “backroom” deal involving public financing for the project.

In its first deal of the year, the Texas Transportation Commission sees another opportunity to achieve savings with $800 million of refunding bonds.

The MTA’s tentative deal with New York transit employees provides some certainty while ignoring spiraling health-care and pension costs untouched, say muni bond observers.

Road report sees need for additional annual transportation capital spending to resolve growing infrastructure backlog.

Chicago will collaborate with federal officials to secure a $1 billion low-interest loan for Union Station upgrade.

The Delaware River and Bay Authority has tapped a former Delaware finance chief to lead the bi-state transportation agency.

Endowed with record funding levels, the Texas Department of Transportation expects to gain momentum on $70 billion of transportation projects planned over the next decade.

Thirty-nine of 40 large infrastructure projects with significant economic paybacks face funding challenges.

President-elect Trump has a “bold new vision” for infrastructure financing, according to Transportation Secretary-designate Elaine Chao.

As the 2017 Colorado General Assembly gets underway, one measure lawmakers are expected to consider is a sales tax increase for a $3.5 billion transportation and infrastructure bond program.

State and local groups told members of Congress that tax-exempt bonds are the cornerstone of infrastructure financing, as the lawmakers consider how to increase spending on roads and bridges as well as tax reforms that could entail restrictions on tax exemption.

A bipartisan trio of lawmakers wants to fund infrastructure with revenues from international tax reform.

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

A federal judge denied a request by two Florida counties for additional documents about public financing for the All Aboard Florida private passenger train project, moving their lawsuits closer to a ruling on dismissal.

The Massachusetts Bay Transportation Authority's fiscal oversight board approved a five-year, $28 million warehouse privatization contract with Management Consulting Inc.

Chicago receives $1.1 billion of federal rail grants in final days of Obama administration.

Indiana’s Gov.-elect Eric Holcomb is eyeing the state’s existing $500 million Next Generation Trust Fund -- set up years ago from proceeds of the Indiana Toll Road Lease – to fund investments in entrepreneurship and to support early-stage and mid-size Indiana companies.