Transportation industry

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.

Standard & Poor's raised St. Louis’s parking revenue bonds by one notch as the credit profile received a boost from a recent rate increase.

The five-year federal transportation funding act and state initiatives will boost infrastructure construction next year, ARTBA said.

New York’s MTA says it has substantially completed two significant contracts on East Side Access, the megaproject intended to bring LIRR service to Grand Central Terminal.

President Obama signed a five-year, $305 billion transportation funding bill on Friday.

Connecticut Gov. Dannel Malloy announced an agreement with Amtrak to complete Hartford line commuter rail service between New Haven and Springfield.

The House passed a multiyear transportation funding bill on Thursday that provides $305 billion over five years.

Motor fuel tax revenues and gambling tax funds owed to local governments in Illinois would begin flowing again under legislation advancing with Gov. Bruce Rauner’s support.

General revenue offsets totaling $70 billion in the five-year highway bill must cover a shortfall in gas tax collections.

Philadelphia International Airport CEO Mark Gale is retiring after six years running the nation’s 12th busiest airport.

The transportation conference committee on Tuesday reported a five-year bill that provides $305 billion of federal funding.