Transportation industry

The Minneapolis-St. Paul Metropolitan Airports Commission won an upgrade of its subordinate bond credit after a new review.

Texas Department of Transportation chief financial officer James Bass will move to executive director, a job he previously held on an interim basis.

After a multi-year battle, with Los Angeles, the Ontario, Calif. airport reverts to local control once the Ontario International Airport Authority receive approval from the Federal Aviation

All Aboard Florida says it remains on track to offer private passenger train service in 2017 even though it was unable to issue $1.75 billion of private activity bonds amid turmoil in the high-yield market.

New York MTA approves its $15 billion operating budget in a warmup act for another capital program battle with Albany.

North Carolina Gov. Pat McCrory wants local leaders to vote again in support of controversial P3 express lane project.

Illinois’ release of motor fuel tax, gambling, and emergency surcharge revenues to local governments is a positive credit move for municipalities, says Moody’s Investors Service.

Supporters of an initiative that would shift $8 billion in bond money from California’s high speed rail to water projects say their aim is to reprioritize how the state’s bond money is spent.

New York MTA officials is looking to go green, and they don’t mean the map colors of the Lexington Avenue subway line.

Georgia expects to save $421 million reconstructing a critical intersection in Atlanta by entering into a public-private partnership with North Perimeter Contractors.

The Port Authority of New York and New Jersey has approved a $7.9 billion spending plan for 2016 that includes $1.2 billion for debt service.

The Port Authority of New York and New Jersey has agreed to partner with the federal government in advancing plans for a planned new Gateway Tunnel rail project connecting New Jersey to Manhattan

The Massachusetts Bay Transportation Authority on Thursday terminated some contracts related to its 4.5-mile expansion of its Green Line light rail system north of Boston.

Four potential private partners have submitted financial proposals for Maryland’s $2.16 billion Purple Line light-rail project.

A provision in the new transportation funding law that lifts the ban on using tax-exempt bonds in conjunction with federal loans will result in lower borrowing costs for water utilities, Fitch Ratings said on Thursday.

Indiana will spend $70 million to expand lanes on a well-traveled stretch of Interstate 65 under a plan announced by Gov. Mike Pence.

Virginia Transportation Secretary Aubrey Layne opts for P3 financing of a $2.1 billion system of tolled express lanes.

Philadelphia International Airport COO Chellie Cameron has been tapped by Mayor-elect Jim Kenney to be the airport’s new CEO.

The Port of Seattle Commission has approved a $408.4 million budget for 2016 that includes extensive infrastructure investments as part of a more than $2 billion capital improvement plan.

Credit agencies say the new $305 billion FAST Act funding law is credit positive for state road and transit debt secured by federal transportation grants.