Transportation industry

The Texas Transportation Commission will bring $800 million of refunding bonds to market in its first issue since the Legislature approved a record funding increase for highway projects.

Indiana will continue to suspend all work and contracts tied to the $1.5 billion Illiana Corridor toll road until the fate of the controversial project becomes clear in cash-strapped Illinois.

Moody’s Investors Services raised the San Francisco County Transportation Authority’s issuer rating to Aa1 from Aa2.

Virginia will decide in November whether to proceed with $3 billion toll lane project as P3 or use conventional financing.

Massachusetts Gov. Charlie Baker announced a five-year, $82.7 million resiliency plan for the MBTA after a winter that paralyzed the transit system.

The Florida Development Finance Corp. postponed a June 10 meeting that was scheduled to consider the bond resolution for All Aboard Florida’s $1.75 billion of private activity bonds.

Strapped for cash, the Missouri Highways and Transportation Commission is looking to private industry, entrepreneurs, and innovators to come up with ideas to upgrade a stretch of its historic Interstate 70.

Los Angeles Mayor Eric Garcetti tapped Oakland International Airport’s director, Deborah Ale Flint, to head Los Angeles World Airports.

Miami-Dade County hired Kroll Bond Rating Agency, believing its analysis can help attract investors to next week's $534 million bond issue for Miami International Airport.

The continuing series of short-term road funding fixes is harming small businesses, owners and advocates say.

With more than one-third of New York's bridges listed in need of repair, U.S. Sen. Kirsten Gillibrand,D-N.Y., is proposing a bill that would allow states the authority to use more federal funds for local bridge improvement projects.

The Port Authority of New York and New Jersey has launched a dashboard on its website providing quarterly updates on all active capital projects.

Carmen Bianco will retire later this year as president of New York City Transit, the Metropolitan Transportation Authority announced June 2.

The Florida Development Finance Corp. will meet June 10 to consider All Aboard Florida’s $1.75 billion bond resolution, though project opponents have questioned if the meeting would be legal.

President Obama threatens to veto a House committee's fiscal 2016 transportation appropriations bill over low funding levels.

Fitch says states will delay transportation projects due to uncertainty over the most recent short-term extension of the federal HTF.

The Texas Legislature’s 84th Session closed with a $209 billion biennial budget, $3 billion of bonds for university construction and a proposed $3 billion of additional funding for highways.

A long-term transportation bill offered by the Senate Finance Committee would be likely to include some new type of private-activity bond, a Government Finance Officers Association official said here.

Sponsors of a high-speed passenger rail train project in Florida want an authority to issue $1.75 billion of private-activity bonds for it as soon as June 22, while a U.S. District Court considers requests from two counties to enjoin or stop the Transportation Dept.’s allocation of the PABs to the project.

A $2.3 billion transportation funding program was proposed for federal lands following closure of a disintegrating Washington bridge.