Transportation industry

The South Carolina state Senate on Wednesday approved a road bill that would dedicate $400 million a year of recurring revenue to highway upgrades without raising the state’s gasoline tax.

Indiana lawmakers compromised on a $1 billion, two-year road building program that delays decision on long-term transportation funding.

The Chicago Transit Authority board signed off on a $1.3 billion contract for its rail that counts on a low-cost federal loan and approved the appointment of city debt manager Jeremy Fine as chief financial officer.

States have three years to expend $1.9 billion of unused congressional earmarks for transportation projects.

A Chinese-owned electric car manufacturer that won subsidies from Nevada has offered to put up a $75 million surety bond to guarantee bonds get paid if its proposed North Las Vegas factory does not get built.

New York MTA intends to add more than 2,000 state-of-the-art buses to its transportation fleet over five years at a $1.3 billion cost, said Gov. Andrew Cuomo.

Los Angeles World Airports needs to reform its bidding process to move forward on its multi-billion dollar efforts to modernize Los Angeles International Airport, according to a city controller's audit.

Nebraska lawmakers and governor agree on a proposed $450 million infrastructure bank financed with gas tax revenues.

States will share $1.15 billion of federal funding for freight-related highway projects in fiscal 2016.

With a strike deadline looming, New Jersey Transit and a coalition of 11 railroad labor unions are negotiating to avoid a shutdown of its commuter rail system.

The lack of progress in funding Kentucky’s pensions led Standard & Poor's Friday to cut the Kentucky Turnpike Authority’s bonds to AA-minus from AA ahead of a $216 million sale.

Washington’s historic Arlington Memorial Bridge over the Potomac will be closed in 2021 without $250 million of repairs.

The State Highway 130 Concession Company led by toll road developer Cintra will try to reorganize under Chapter 11 bankruptcy after revenues from the $1.35 billion project fell far short of projections.

An investment banker hired as an expert witness in lawsuits challenging All Aboard Florida’s passenger train service said tax-exempt financing is critical to funding the $3.5 billion project, although the private company says that’s not true.

New York MTA expects to formally submit its proposed $29 billion five-year capital program to a state review board “in the next month or two,” an official said.

Group says National Parks Service could whittle down much of its $12 billion maintenance backlog with public-private partnerships.

Maryland has selected its preferred private partner for the multi-billion dollar Purple Line light rail project, Gov. Larry Hogan said Wednesday.

The Northern Indiana Commuter Transportation District is issuing $89.1 million in tax exempt limited obligation revenue bonds to fund the installation of the federally mandated positive train control to its existing rail infrastructure.

Honolulu Mayor Kirk Caldwell wants control of Honolulu’s $6.9 billion elevated returned to the mayor’s office.

The heavily indebted North Texas Tollway Authority continues to reduce losses from toll violators as the region’s drivers seem undeterred by automatically increasing rates, according to Moody’s Investors Service.