Transportation industry

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.

Lawmakers skeptical of tax credits and private investments want details of Trump’s infrastructure proposal.

As New York MTA faces another stretch of uncertainty, a faction within its board is calling for reduced fare for lower-income riders.

State legislators and highway officials will grapple with transportation funding proposals in 2017.

Fitch revised its outlook to negative on $123 million of Capitol Region Parking System Series 2013A senior parking revenue bonds in Harrisburg, Pa.

State highway officials warn that Trump’s $1 trillion infrastructure proposal ignores Highway Trust Fund woes.

Concerned about the muni market’s ability to absorb a flood of tax-exempt AMT bonds from U.S. airports, Dallas Fort Worth International Airport may turn to taxable debt.

Trump’s plan is seen by finance professionals as an effort to attract private capital to infrastructure projects.

Self-driving vehicles could be the ticket for replacing the fuel tax as the main road funding mechanism, accord to transportation experts.