Transportation industry

Metra, the transit agency that provides commuter rail linking Chicago suburbs to Chicago, approved a 2015 budget that sets the stage for the agency's debut as a tax-exempt borrower with an inaugural $100 million issue.

A group of northwest Indiana counties is eyeing a bid for a 75-year lease of the Indiana Toll Road that would be financed with more than $4 billion of tax-exempt revenue bonds.

The Metropolitan Washington Airports Authority approves a $1 billion capital construction program at Reagan National Airport.

The Michigan Senate approved a new road funding tax that could raise as much as $1.5 billion in new annual funding, marking a victory for Gov. Rick Snyder.

The new Central Florida Expressway Authority plans to interview four candidates for the executive director's position, and move forward with its first major financing.

Connecticut completed the first project under its local transportation capital improvement program, Gov. Dannel Malloy said.

Virginia's Commonwealth Transportation Board tightens the rules on how the state deals with public-private partnerships.

An influential Chicago area planning agency will press state lawmakers to establish a regional infrastructure fund supported by a quarter-cent sales tax increase with its eye on financing transportation, water, and open space projects.

Los Angeles Mayor Eric Garcetti on Nov. 12 announced several initiatives expected to save up to $50 million that will be used to repair 200 miles of streets annually.

More investment is needed in U.S. transportation infrastructure to ensure all systems are connected to each other, Vice President Joe Biden said Wednesday.

As Dallas Area Rapid Transit prepares for a $430 million refunding issue this month, the transit agency is also mapping plans for nearly $1 billion of downtown projects linked to a proposed high-speed rail line and the city’s convention center hotel.

Opinion over how to use an abandoned 3-1/2 mile rail corridor in New York City's Queens borough is as diverse as the neighborhoods within its reach, according to a study.

Joining a year-end rush to market, the Texas Transportation Commission plans to offer $1.4 billion of top-rated general obligation bonds in December.

Virginia lawmakers likely will reverse a plan to kill a $50 million transfer to the state's transportation fund that imperiled a proposed $100 million road bond issue.

New York's MTA unveiled the new Fulton Center complex in lower Manhattan. The $1.4 billion project was conceived after Sept. 11.

Arkansas' $206.5 million federal highway grant anticipation and tax revenue bonds with final maturities of 2026 drew a true interest cost of 2.0858% in a competitive sale won by Citigroup.

California local streets and roads will continue to deteriorate unless additional funding can be found, according to recent statewide condition report.

Debate resonates in New York City's Queens borough over how to best use a 3-1/2 mile abandoned rail corridor.

The San Francisco Metropolitan Transportation Agency's revenue bond rating has been upgraded to Aa2 from Aa3 based on positive financial operations.

Fate of Maryland's $2.45 billion Purple Line light rail P3 is in the hands of Gov.-Elect Larry Hogan, an avowed foe of transit projects.