Transportation industry

Indiana will apply for a $170 million TIFIA loan to help cover payments to the private team on the $2.3 billion Ohio River Bridges project.

Hawaii Gov. David Ige affirmed his support of Oahu's $6 billion elevated rail project, but added he will be pressing for cost containment on the project in the state of the state speech he delivered Jan. 26.

Sen. Bernie Sanders, I-Vt., proposes a $1 trillion transportation bill that would put $75 billion a year into the Highway Trust Fund.

Chicago's O'Hare International Airport reclaimed the title of world's busiest airport in 2014 a decade after ceding the status to Atlanta's Hartsfield-Jackson Memorial Airport.

The Republican-controlled Utah Legislature is considering an increase in the gasoline tax to close an $11.3 billion funding gap for transportation through 2040.

New Maryland Gov. Larry Hogan included funding for the state's two light rail P3 projects in his fiscal 2015 budget.

The Port Authority of New York and New Jersey has selected global commercial real estate services firm Cushman and Wakefield to serve as the exclusive retail agent for its Manhattan bus terminal.

Utah Transit Authority is pricing the largest deal in its history with $831.6 million of bonds designed to smooth debt service through the end of this decade.

Michigan's proposal to raise the sales tax to generate new road funding would also generate fresh dollars for school districts, Moody's Investors Service said Friday.

The Chicago region needs $16.6 billion over the next decade for routine transit maintenance and capital spending with another $19.5 billion tacked on to the tab to cover deferred investment, the Regional Transportation Authority warned.

A congressional bipartisan duo filed a bill to capitalize a $50 billion infrastructure bank with 50-year taxable bonds bearing 1% interest.

Leadership chaos in Albany following the arrest of Assembly Speaker Sheldon Silver on federal corruption charges could further complicate an already difficult task for New York MTA: obtaining approval of its $32 billion capital plan.

Sen. Rand Paul, R-Ky., is developing legislation that would dedicate revenues from corporate tax reform to federal highway funding.

Opponents of North Carolina's plan to toll portions of Interstate 77 north of Charlotte have filed a lawsuit in an attempt to block the express-lane project.

Gov. Nikki Haley will support an increase in South Carolina's gas tax if it is tied to a reduction in the state's income tax and overhauling the DOT.

The Texas Department of Transportation saved $380 million in net present value, or 21% of its refunded debt, through a $1.68 billion toll bond issue, officials said.

New York Gov. Andrew Cuomo is proposing using much of $5.4 billion in available legal settlement funds to pay for infrastructure needs and toll subsidies.

New York's Metropolitan Transportation Authority approved biennial fare and toll increases of roughly 4%, spread over two years.

Honolulu City Council members are balking at a request to issue $350 million in commercial paper for the city's delayed and over-budget elevated rail transit system.

The Kansas Department of Transportation will delay $300 million of highway maintenance under Gov. Sam Brownback's plan to reduce a state budget deficit.