Transportation industry

The North Carolina House voted 81-27 Thursday to cancel the Interstate 77 toll road project and send the bill unwinding the state’s first public-private partnership to the Senate.

Vermont Gov. Peter Shumlin signed a $612.5 million fiscal 2017 transportation bill that boosts funding for road repaving and bridges.

South Carolina Legislature approves transportation funding bill backed by $2.3 billion of road revenue bonds.

A $4 billion redevelopment of New York City’s LaGuardia Airport was cleared for takeoff Wednesday with financing lined up and a 34-year lease signed to support what is being touted as one of the largest public-private partnership transportation projects in U.S. history.

The North Carolina House Transportation Committee on Wednesday passed House Bill 954, which would unwind the state’s $648 million Interstate 77 project with Cintra Infraestructuras SA.

Almost $1.2 billion of debt that will finance work on Maryland’s Purple Line P3 rail project is rated at BBB-plus by Fitch.

New York City's Hudson Yards project has generated less revenue than even the most conservative forecast by the development's planners and city interest support payments will continue in future years, said a budget watchdog.

While Chicago general obligation paper faces steep trading penalties and rating challenges, the city’s airport paper is faring much better.

The Regional Transit Authority of Southeast Michigan plans to ask voters in Wayne, Oakland, Macomb and Washtenaw counties to approve a 1.5 mill property tax increase for improved transit .

Vice President Joseph Biden visited Rhode Island to trumpet the state’s sweeping $500 million bridge-and-road improvement plan.

California’s high-speed rail project appears to have survived one legal challenge, as Kings County, Calif. will not further contest the legality of the bonds supporting the train.

The Palmetto State should merge its state infrastructure bank into the transportation department, auditors said.

The Indianapolis Airport Authority has reached a settlement agreement with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds issued in 2006.

The Internal Revenue Service is auditing $105.48 million of passenger facility charge revenue bonds issued by Clark County, Nev., in 2007 to finance capital improvements at McCarran International Airport.

The advantages a hot municipal bond market creates for issuers were on display this week when the Los Angeles County Metropolitan Transportation Authority priced a refunding deal.

The California Public Employees' Retirement System's purchase of an equity stake in the Indiana Toll Road earlier this month is part of a growing trend of public pension funds investing more directly in large infrastructure assets.

Oregon panel says state needs an additional $964 million per year to maintain and protect its existing transportation infrastructure.

A state review panel’s approval of a five-year, $27 billion capital program was greeted enthusiastically by the board of the New York Metropolitan Transportation Authority t.

Tax-exempt bonds give municipal issuers a unique advantage in negotiating public-private partnerships, a factor that some municipal market and legal advocates say should not be overshadowed.

The Metropolitan Transportation Authority's $27 billion capital program for 2015 to 2019 has received final approval from the New York State Capital Program Review Board.