Transportation industry

Short-term extensions of federal transportation spending are likely to continue through 2015 as lawmakers struggle with a gasoline tax that can't pay the bills.

New York Gov. Andrew Cuomo and New Jersey Gov. Chris Christie rejected proposed legislation aimed at improving accountability at the Port Authority of New York and New Jersey.

Puerto Rico Gov. Alejandro García Padilla is delaying signing an oil tax hike that would support Puerto Rico's Highways and Transportation Authority and GDB.

The Illinois State Toll Highway Authority will head into its fourth year of a $12 billion, 15-year infrastructure program with record capital spending planned.

Fairfax and Loudoun counties in Virginia formally closed on $600 million of federal loans for Silver Line rail project to Dulles Airport.

A three-mile segment of the Coalfields Expressway will be the first public-private partnership project to be built under West Virginia's new P3 law.

The Regional Transportation Authority of Illinois heads into the new year with a $2.9 billion operating budget and $3.8 billion five-year capital program that relies on federal funds and loans, and borrowings including inaugural issues from two of its service boards.

Citing a recent debt restructuring, Moody's Investors Service upgraded the San Joaquin Hills Transportation Corridor Agency two notches to Ba2.

Standard & Poor's removed California's Peninsula Corridor Joint Powers Board, operator of Caltrain service between San Jose and San Francisco, from credit watch on Monday citing improved budget operations.

Costs for Oahu's $5.26 billion rail project are on pace to exceed the budget by at least $500 million, according to the Honolulu Authority for Rapid Transportation.

The New York City Regional Economic Development Council awarded $443,750 to the Trust for Public Land for design work on the QueensWay parkland project.

Volvo division Prevost opens a production line for MTA buses in sister company Nova Bus' expanded Plattsburgh, N.Y., facility, said Gov. Andrew Cuomo.

Denver International Airport must bear most of the $53 million cost to complete a rail segment into the airport, a Denver District Court judge ruled. DIA had claimed the cost was the Regional Transportation District's responsibility.

Increasing interest in public-private transportation partnerships due to constraints from $3.6 trillion of state and local outstanding debt, Brookings Institution said.

The Los Angeles World Airports board of commissioners has approved its piece of a plan to connect Los Angeles International Airport to the city' light rail and subway system.

A sales tax hike to support $1.7 billion in annual transportation and education funding will go before Michigan voters under a plan lawmakers approved in a compromise with Gov. Rick Snyder.

A ruling by the U.S. Surface Transportation Board that it has authority to pre-empt state environmental law on construction of California's high speed rail project conflicts with a previous decision by a California Court of Appeals.

The New Orleans Aviation Board expects to issue up to $659 million in revenue bonds in February to finance a state-of-the-art terminal and related infrastructure.

Private investors will begin collecting tolls soon on new interstate express lanes in Virginia built and operated under a P3 agreement through 2087.

A big uncertainty for New York's MTA looms after it approved its operating budget for 2015: Its proposed $32 billion capital plan, which state officials must approve.