Transportation industry

KBRA revised the outlook on the Chicago Transit Authority's Series 2015 and 2016 Transportation Infrastructure Finance and Innovation Act loans to stable.

Wells Fargo's Julie Barger called the investors a "who's who of buyers in the muni market" including mutual funds, ETFs, SMAs and insurance companies.

The California Municipal Finance Authority will issue $742 million in tax-exempt debt for the San Francisco Municipal Transportation Agency's first P3.

The MTA's goal to monetize its vast property portfolio could bring 300 homes to Crown Heights. 

The U.S. Department of Transportation will release $1.05 billion that was set aside by the Biden administration for the long-awaited Blatnik Bridge project.

Virginia and Georgia topped the list of high performers and Alaska and California received the lowest marks in the Reason Foundation's analysis.

With total costs for replacement soaring $15.2 billion, the $7.65 billion of core projects will be prioritized, Washington and Oregon governors said.

Oregon lawmakers balanced the state budget in an intense short session with debates over sports subsidies, transportation cuts and federal income tax conformity.

The New Jersey Turnpike Authority will build a bridge half the size it once planned, providing budgetary savings of $4 billion. 

The California High-Speed Rail Authority's draft business plan was met with a mixture of cautious optimism and sharp criticism.

The agency cited strong student demand as a factor of its uprade to the FIU's issuer default rating.

Brightline West told investors it is pursuing a $4 billion senior loan from a banking consortium and simultaneously working toward the $6 billion federal loan.

The Texas cities of Irving and Farmers Branch joined Plano in calling off May elections on withdrawing from Dallas Area Rapid Transit.

Plano is the first of six Dallas Area Rapid Transit member cities to cancel a May 2 election to drop out of the agency, while others could follow suit.

Gov. Gavin Newsom signed a bill authorizing $590 million of loans to keep public transit operators around San Francisco running amid post-pandemic conditions.

The Fortress Investment Group-backed railroad will be penalized with a 2% step-up in the interest during that time, according to a filing.

The sprawling Dallas-Fort Worth metroplex served by three transit agencies could see more regionalization of services in the future.

Cases involving bonds for the city's convention center and a light-rail project are pending before the Texas Supreme Court.

The state sold the debt in a competitive auction Tuesday morning, with interest rates landing in the low 3% to high 4% range across maturities.

A Senate bill would introduce public-private partnerships for transportation projects, while another would transfer ownership of roads to localities.