Transportation industry

An Australian fund manager’s $5.72 billion bid for the 75-year lease of the Indiana Toll Road bodes well for the P3 sector and suggests rising interest among pensions in investing in American infrastructure.

Road builders association says it has a plan to untangle the congressional gridlock on federal transportation funding.

An Australian company is set to pay $5.7 billion for the 75-year lease of the Indiana Toll Road from the bankrupt company that bought it for $3.8 billion in 2006.

Increasing the federal gasoline tax by 10 cents per gallon to generate enough revenue to fully fund a multiyear federal transportation bill could, in turn, be offset by a 2% drop in the top margin income tax rate, the nonpartisan Tax Foundation said in a recent report.

Two Texas senators have added to the anti-toll legislation in the 2015 legislative session, filing bills to limit the use of public-private partnerships to non-toll projects and other legislation.

Pressure from constituents may be best hope for quick congressional approval of a long-term federal transportation bill, industry advocates say.

States seeking to boost their transportation funding are finding gasoline tax increases as the most effective path to progress.

San Diego officials rolled out a reform program aimed at speeding up plans to repair 1,000 miles of city streets in five years.

An airline group asks Congress to oppose a proposal by airports for a 90% boost in a federal passenger fee that funds capital projects.

A bill that dedicates about $2.5 billion from vehicle sales taxes to non-toll highway projects is the first to win state Senate approval in the 2015 Texas Legislature.

The House passes a four-year Amtrak funding bill that requires a study of high-speed passenger rail from Washington, D.C., to Boston.

Massachusetts Gov. Charlie Baker's proposed $38 billion budget projects $1.6 billion savings in Medicare expenses and establishes an MBTA weather resiliency fund.

Congress is not likely to pass a long-term transportation funding bill or tax reform legislation of any kind until 2017, after the presidential election, lobbyists said at the National Municipal Bond Summit earlier this week.

Phoenix voters will consider a plan to fund $33 billion of transportation programs through 2050 with a 0.72-cent sales tax.

A group opposing C's planned passenger train service says its economic analysis questions the viability of the project.

Funding boost in Obama's $478 billion transportation proposal needed so state agencies can build significant projects, Foxx says.

Political controversies in Washington, D.C. are clouding the future of infrastructure funding in the United States, experts said at the National Municipal Bond Summit.

Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.

A reduced capital plan for 2015 to 2019 could affect expansion projects such as the Second Avenue subway line, New York MTA chairman Thomas Prendergast told lawmakers in Albany.

With nine bills in the Legislature seeking to curtail the development of turnpikes in Texas, opponents see a chance to alleviate "toll fatigue."