Transportation industry

Private investors in Maryland’s multi-billion dollar Purple Line P3 rail project will finance their share of construction with a federal loan and private-activity bonds.

The Los Angeles County Metropolitan Transportation Authority could ask voters to approve an additional half cent sales tax in addition to extending one passed in 2008 to fund $120 billion of transportation projects.

Mississippi state senators approve a placeholder measure that keeps a proposed gas tax increase on the table.

The Metropolitan Atlanta Rapid Transit Authority could pursue a portion of its $8 billion expansion plan under terms of a bill Georgia legislators passed shortly before adjourning.

An overhaul of LaGuardia Airport is closer to taking flight after the Port Authority of New York and Jersey Board of Commissioners voted to approve a public-private partnership for the $4 billion project.

The Gateway Tunnel rail project connecting New Jersey to Manhattan received a commitment for $70 million in an effort to fast-track the estimated $20 billion initiative.

Chicago Transit Authority will use a $255 million federal TIFIA loan to replace more than 800 rail cars.

States can compete for $95 million of federal grants for experiments with user-based road funding mechanisms.

Indiana Governor Mike Pence signed into law $1 billion in new road and bridge funding for the next two years.

New York’s MTA expects to know the fate of its five-year capital program by the end of the month, said Chairman Thomas Prendergast.

Sierra Club and other environmental groups filed a federal lawsuit to stop Colorado’s $1.8 billon P3 rebuild of I-70.

Atlantic City is putting its former airport property up for auction in an effort to address its massive debt burden eight years after a gamble with the land backfired.

Alabama proposal would set its gasoline tax rate to match the average fuel levy in surrounding states.

Seven cities remain in the running for a $40 million federal grant aimed at integrating high-tech with transportation operations.

Blue ribbon panel studying Seattle area’s road funding needs says mileage fee is most sustainable revenue option.

The Massachusetts Bay Transportation Authority intends to hand its oversight board a $2 billion budget that trims its structural deficit from $242 million to $80 million.

Growth in the P3 market has been slow and fragmented so far, but it is positioned for rapid growth, Moody’s Investors Service says.

A two-year reauthorization of the Federal Aviation Administration under consideration this week by a Senate committee would provide more federal funding for runways and other infrastructure while keeping the revenue source used to back bonds financing terminal projects at its current level.

The Texas Department of Transportation plans to offer $624 million of general obligation bonds bearing the state’s triple-A credit in April. The deal will be the largest from a Texas issuer so far this year.

Democratic presidential candidates favor more infrastructure spending while three of four Republican contenders want to curtail federal funding.