Transportation industry

Senate Environment and Public Works Committee leaders plan June vote on six-year highway bill. The Committee for a Responsible Federal Budget recommends a path for sustainable highway funding.

Against a backdrop of urgency and uncertainty, transportation advocates are offering alternative revenue streams for New York's MTA.

Colorado’s E-470 Public Highway Authority earns an upgrade to BBB-Plus from Standard & Poor’s as it prepares to refund $40 million of toll revenue bonds. The higher rating follows a similar boost from Moody’s Investors Service Feb. 20.

The developer of the private All Aboard Florida passenger train expects to complete the project even if it cannot benefit from $1.75 billion in tax exempt private activity bonds, according to documents filed in federal court.

An issuer’s fare revenues for bus service along privately operated highway lanes would not cause bonds to be used to finance the lanes to be private-activity bonds, the Internal Revenue Service ruled.

Lawmakers who vote to raise state gas taxes don't face an irate electorate at the next election, according to an analysis in seven states. Rep. Deb Fischer, R-Neb., introduced a bill to create a National Infrastructure Bank.

Chicago Mayor Rahm Emanuel has tapped veteran aviation official Ginger Evans from the Metropolitan Washington Airports Authority to take the helm of the city's Aviation Department.

All federal transportation payments to states will stop as of June 1 unless Congress extends the short-term fix to the Highway Trust Fund before it expires May 31, Transportation Secretary Anthony Foxx said Monday in a letter to state transportation directors.

California has $80 billion of highway needs through 2025 with only $20 billion of available transportation funding.

A series of toll rate reductions and discounts announced by the Maryland Transportation Authority on May 7 are a credit negative for the agency's revenue bonds, according to Moody's Investors Service.

A transit expert says a marijuana tax, should New York State legalize it, could help MTA close its capital funding gap.

A radio ad campaign targeting congressional leaders warns that inaction on the restoring the HTF imperils state highway and transit projects.

Los Angeles Mayor Eric Garcetti announces new transportation technology advisor fellowship.

The authors of a new paper from The Hamilton Project at Brookings propose four short-term and three long-term ways to address the need for infrastructure investment in the United States, including a revival of the Build America Bond program.

Senate Democrats slam Republican leadership over lack of ideas for long-term highway fix.

Attorneys for All Aboard Florida told a federal judge that the private passenger train owners could close on $1.75 billion in tax exempt private activity bonds around June 8.

Finance chairman Sen. Orrin Hatch is looking for the $11 billion needed to keep the HTF solvent through 2015.

A New York City Council panel approved zoning changes necessary to advance a 67-story office tower development with enhanced access to Grand Central.

Michigan Gov. Rick Snyder said Wednesday he would meet immediately with lawmakers to seek a legislative solution to raise new road money after voters Tuesday soundly rejected a tax referendum.

Chicago Mayor Rahm Emanuel has tapped public transit veteran Dorval R. Carter Jr. to take the helm of the Chicago Transit Authority.