Transportation industry

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.

Beverly Scott, the animated former general manager of the Greater Boston transit system, says states and localities must push for new infrastructure investment.

The Port Authority of New York and New Jersey has selected a development team to help enhance LaGuardia Airport with a $3.6 billion facelift.

A federal judge hears arguments Friday on whether the private All Aboard Florida passenger train project can issue $1.75 billion in private activity bonds.

Bills that would put in place President Obama’s six-year, $487 billion transportation proposal or set up regional clearing-houses for public-private partnerships were recently introduced and are pending before Congress.

A North Carolina anti-toll group wants a judge to proceed with its lawsuit in an attempt to stop the state’s Interstate 77 toll project for which the P3 contract was finalized May 20.

Australian fund manager IFM Investors has paid $5.72 billion to lease the Indiana Toll Road for 66 years, marking the largest privatization for an existing U.S. asset and the first time major US pension funds have invested in American infrastructure.

New York City taxpayers and businesses shoulder too big a burden for MTA operations, said city Comptroller Scott Stringer.

For the first time in eight months, Denver International Airport has a chief financial officer with the promotion of Gisela Shanahan from her previous post as senior manager of capital planning and budget.

Special highways panel says West Virginia needs to increase transportation funding by $1.1 billion per year.

Rhode Island Gov. Gina Raimondo proposed user fees for large commercial trucks to backstop a $700 million bond for transportation infrastructure.

A proposed constitutional amendment approved by House and Senate leaders would dedicate $2.5 billion of the general sales tax to the highway fund and add a portion of motor vehicle sales taxes beginning in 2020.

The Massachusetts legislature’s joint committee on transportation has scheduled a public hearing on Gov. Charlie Baker’s bill to overhaul the MBTA.

States have pulled back up to $2 billion of scheduled road projects due to uncertain federal transportation funding.