Transportation industry

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.

House Appropriations Committee adopted a proposal to increase highway and transit funding by $1.25 billion in 2017.

The New York State Thruway Authority should develop a better financial plan for replacing the 61-year old Tappan Zee Bridge, according to the State Comptroller’s Office.

Arkansas lawmakers ended a special session Monday with approval of a bill to raise $50 million for highways, allowing the state to receive $200 million in federal funds.

Chicago heads into the market with $350 million of Midway Airport revenue paper, bolstered by an upgrade and viewed as well-insulated from the city’s financial troubles.

Atlanta Mayor Kasim Reed said he would not discuss why he dismissed Hartsfield-Jackson Atlanta International Airport general manager Miguel Southwell and Watershed Management commissioner Jo Ann Macrina.

State and national transportation groups oppose Senate plan to reclaim more than $2 billion of unobligated highway funds.

California cut or delayed $1.5 billion of projects from a five-year road program as gas tax collections continue to fall.

It's time to cut the paperwork and expedite the planned Gateway Tunnel between New Jersey and Manhattan, argues a critic of the permitting process.

U.S. transit operators say reliable, dedicated funding is needed to resolve growing maintenance problems.

California is beginning to address some key infrastructure gaps, Wells Fargo analysts said in a report.