Transportation industry

The draft transportation bill released late Monday night by a Senate committee calls for $242.4 billion of federal funding for highway projects over six years.

Atlanta Mayor Kasim Reed has appointed Miguel Southwell as the new general manager of Hartsfield-Jackson Atlanta International Airport.

The "Detroit Three" automakers are reportedly considering giving up to $25 million or more in a plan that would raise money for the bankrupt city's pensioners while protecting the city's prized art collection.

Lake Worth, Fla., holds a series of public meetings to discuss infrastructure improvements, some of which are expected to be financed with $60 million in bonds.

Lawmakers have reconciled differences in House and Senate versions of a water infrastructure bill that would authorize $8 billion of federal funding.

The Senate Environment and Public Works Committee will vote on a surface transportation reauthorization bill on May 15, committee leaders announced Thursday.

Kansas City International Airport should build a new state-of-the-art central terminal to replace its existing three, a special mayoral advisory group recommended Wednesday.

Transportation finance experts expect robust bond financing of new transportation and infrastructure projects in the near future, even though federal policy is making those investments increasingly tricky.

Sen. Barbara Boxer, D-Calif., has announced that she will introduce a multiyear transportation reauthorization bill on Thursday.

Indiana and Illinois have finalized a bi-state development pact for the proposed Illiana Corridor toll road that commits the two states to a combined funding contribution of up to $350 million.

Miami-Dade County plans to lower borrowing costs for improvements at PortMiami by issuing $208 million of bonds in variable rate mode this week.

San Francisco is proposing a $500 million general obligation bond as part of a $1.5 billion transportation package for the November ballot.

Sen. Barbara Boxer said the Senate Environment and Public Works Committee will begin work next week on a transportation bill that keeps spending at current levels plus inflation.

An Austin transportation coalition proposes a $1.4 billion urban rail line that could appear on the November ballot after years of study.

Former U.S. Representative James Oberstar died at age 79 Saturday, silencing one of Washington's most outspoken advocates of increased transportation and infrastructure investment.

The gas tax would need to be raised to 31 cents from the current 18.3 cents per gallon in 2015 and increased thereafter in order for the Highway Trust Fund to keep up with projected transportation funding needs, without new revenue sources, Fitch Ratings said in a report released Monday.

Cost overruns at the overdue South Terminal at Denver International Airport pose "significant budget risk," according to Denver Auditor Dennis Gallagher.

State transportation departments face a $47 billion cut in federal funding in fiscal 2015 if Congress fails to shore up the Highway Trust Fund.

The Illinois State Toll Highway Authority plans to sell $450 million of new money revenue bonds on Wednesday for projects in its ongoing $12 billion, 15-year capital program.

Florida lawmakers unanimously passed Senate Bill 230 to create a new regional toll road agency, and abolish the embattled Orlando-Orange County Expressway Authority, which has $2.6 billion of debt.