Transportation industry

New York MTA intends to sell $1.3 billion of bonds in January including a $100 million remarketing, said finance manager Patrick McCoy.

A new $7.3 billion 2017 spending plan by the Port Authority of New York and New Jersey maintains debt service levels while also investing in major capital projects.

Facing pressure from Gov. Andrew Cuomo, officials from New York’s Metropolitan Transportation Authority are targeting an opening of the long-delayed Second Avenue subway line by the end of the month.

New Jersey lawmakers are pitching a proposal to allow the state’s Transportation Trust Fund to sell bonds directly to its $73 billion pension system.

A Michigan infrastructure trade group has launched a campaign to help residents and lawmakers understand the scale of state underfunding for roads and transportation.

The Honolulu agency that oversees Oahu’s troubled multi-billion dollar elevated rail transit system gets a reprieve from a federal agency on its plans to fill a shortfall up to $2.3 billion.

Federal civil rights investigation will delay Colorado’s proposed $1.7 billion P3 highway expansion project.

More federal transportation funding is needed to eliminate constraints caused by inadequate national freight network, officials warned.

Michigan needs to spend an extra $4 billion annually to create 21st century transportation, water, wastewater, and communications infrastructure systems, according to a commission formed by Gov. Rick Snyder.

Political risks are the darkest cloud dimming the transportation sector’s stable outlook for 2017, Fitch said.

Chicago wrapped up its second billion-dollar airport deal within a month at a price that displays how much the market has changed in that short time.

Voters’ approval of the Los Angeles Metropolitan Transportation Authority’s latest sales tax measure has spurred interest from private industry in partnering with the transit authority.

Industry experts see federal transportation policy shifting toward more private investments in public projects.

The Chicago City Council signed on a new special use tax-increment financing district designed to help leverage $1.1 billion in federal funding for Chicago Transit Authority rail transit improvements.

All Aboard Florida moved a step closer to financing the first phase of its private passenger train project when the U.S. Department of Transportation approved AAF’s new application for $600 million of tax-exempt private activity bonds. PAB financing for the project’s second phase remains uncertain.

President-elect Trump has named former Labor Secretary Elaine Chao as his secretary of transportation.

Ranking Democrats on House Transportation Committee seek full road funding boost promised for 2017.

Joining the crowd of borrowers, the Minneapolis-St. Paul Metropolitan Airports Commission plans a $438 million deal next week, marking its first new money sale in four years.

A request for state Supreme Court validation on $420 million of toll revenue bonds has sidelined the Oklahoma Turnpike Authority deal as rates rose in post-election investor uncertainty.

Federal judge continues to block Maryland’s $5.6 billion Purple Line P3 rail project over ridership worries.