Transportation industry

Construction delays and related payment risks on an Indiana public-private partnership highway project prompted Fitch Ratings to drop bonds issued for the project three notches to B.

More than $250 billion of local and regional transportation proposals will be on Nov. 8 ballots.

The New Jersey Transit Board of Directors approved a new $3.8 billion fiscal plan Wednesday that includes new purchases for equipment and safety infrastructure.

The opening of New York's Second Avenue subway line by year's end remains an open question, said an independent engineer.

New York MTA’s derivatives program reduces budget risk through interest-rate and fuel-hedging strategies, said finance director Patrick McCoy.

Property developments around DART’s light rail stations are important factors in the strong North Texas economy.

The Regional Transportation District that serves metro Denver will continue to grow its rail and bus system with $197 million of revenue bonds.

Maryland will seek a federal grant for subsea rail tunnel in Baltimore after striking out in the first round.

Illinois voters will decide Nov. 8 whether to bar future diversions of transportation revenues to balance budgets or fund non-transportation related expenses.

A $3.3 billion project to expand a subsea tunnel system at Hampton Roads, Va., will be financed with a combination of bonds, toll revenue, and gas tax revenue under a plan approved a regional planning agency.

The Illinois State Toll Highway Authority's proposed 2017 budget calls for nearly $1 billion in capital spending supported by $300 million in toll-backed borrowing.

Virginia road planners will evaluate local requests for $9 billion of state funding.

Chicago heads into the market next week with nearly $1.1 billion of O’Hare International Airport paper -- one of the city’s more digestible revenue-backed credits generally insulated from the city’s pension and budget ills.

Two groups submit acceptable financial plans for Virginia’s $2 billion P3 plan to expand I-66.

Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.

Chicago’s motor fuel bonds and a Transportation Infrastructure and Innovation Act loan fell a notch Tuesday as S&P Global Ratings’ moved the ratings down in tandem with its recent downgrade of the state’s general obligation rating.

The Transportation Department fast-tracked the Hudson Tunnel replacement portion of the $24 billion Gateway Program.

New Jersey’s 23-cent gas tax hike, and its offsetting tax cuts in other areas, will help the state’s current 2017 operating budget at the expense of raising budgetary pressure for 2018 and beyond, according to S&P Global Ratings.

Manufacturers group wants new president to go bold with $1 trillion infrastructure plan.

The New Jersey Transit’s fiscal management and safety infrastructure will be scrutinized at New Jersey Senate hearings in the wake of a Sept. 29 Hoboken, N.J. train crash that killed one woman.