Transportation industry

The latest round of federal aid is not enough to move the needle over the long term.

With an insolvent Highway Trust Fund, alternatives to the federal fuel tax are more important than ever.

If it clears the legal hurdle, the company that owns the $30 billion project may seek a $12 billion Railroad Rehabilitation and Improvement Financing loan.

It would mark only the third transit P3 in the country and would be under pressure to deliver without the problems that dogged the other two.

Towns in many states manage a big chunk of local roads but see little support from federal surface transportation formula grants.

The window of opportunity is open thanks to new projects, new state and city leadership, emerging projects and better systems to benefit travelers.

The framework that will guide federal transportation strategy in the coming years does not currently include any financial goals or objectives.

The San Diego Association of Governments 30-year plan will lean on proposed sales tax increases.

The agreement will move along the Penn Station Access commuter rail undertaking and East River tunnel fix-ups.

The National Association of Counties, which has been a chief supporter of the measure, said it would renew its push in the new year.

The port's operating revenue will continue to recover, enabling it to return to a total net revenue debt service coverage ratio of 1.75 times by 2023, the rating agency said.

With the ink drying on the new Infrastructure Investment and Jobs Act, eyes now turn to the implementation of one of the largest infrastructure programs in American history.

The refinancing will add $80.5 million to the original 2017 federal loan for the project, bringing the total to $606.7 million.

Putting aside dynamics such as federal pandemic aid and congestion pricing, the transit authority's latest financial plan had a rinse-and-repeat feel.

The U.S. DOT wants to make applying for grants in the $1.1 trillion infrastructure bill as easy as possible. More than 40 new programs will be created under the new law.

The debt-averse state's long-term management of its finances and recent growth earned it a triple-A rating from Fitch.

New York, New Jersey and Connecticut finally come to terms on splitting up emergency funding.

The state could see nearly $45 billion, the lion's share for highways and public transportation.

Moody's joined the other three rating agencies in returning O'Hare's outlook to stable as Chicago plans to tap an up to $2.3 billion new money and refunding authorization next year.