Transportation industry

Kansas City, Mo. will borrow $124 million next week to raise financing needed for its long planned $114 million downtown street car project and restructure debt to give it budgetary breathing room to strengthen its pension funds.

Massachusetts Gov. Deval Patrick announced $100 million in renovations to Boston's Logan Airport, to be funded through Massport's capital plan.

Annual spending on roads and bridges is up to $50 billion short of what is needed to maintain and improve them, U.S. DOT said in report on transportation infrastructure

Indiana tapped a shortlist of four private teams to compete to work on the state's largest public-private partnership, a 47-mile toll highway linking the state to Illinois.

A central Florida grand jury is investigating potential hiring improprieties by the Orlando-Orange County Expressway Authority.

Alabama Gov. Robert Bentley plans to sign a bill authorizing the use of state gasoline taxes as a backup pledge to bolster future issuances of Garvee bonds.

Proposals to pump up the sagging Highway Trust Fund without raising the federal gasoline tax offer a solution to the highway funding impasse.

Rep. Bill Shuster, chairman of key House transportation committee, wants to study two new plans to bolster the sagging Highway Trust Fund

MBTA Retirement Fund officials defended the secretive practices of the $1.6 billion fund, which manages the retirement accounts of Boston-area transit employees.

President Obama proposed a four-year, $302 billion surface transportation infrastructure construction and repair program.

New York's MTA, rejecting a plea from former chairman Richard Ravitch not to do so, approved $7 million to cover Verrazano-Narrows Bridge toll discounts.

A new toll agreement provides $300 million of state financing for a North Texas Tollway Authority project.

An upgrade by S&P to the primary credit of New York's MTA — transportation revenue bonds — was welcome news to authority finance officials.

The Greater Orlando Aviation Authority in Florida will restart its search for a financial advisor as it embarks on a multi-billion capital program at Orlando International Airport.

Pennsylvania's Department of Transportation is exploring a P3 project to redevelop 11 Amtrak stations along the Harrisburg-to-Philadelphia corridor.

The first segment of a new $5.7 billion rail line extension of the Washington Metrorail system to Dulles International Airport needs more work before it can handle passengers, the Metropolitan Washington Airports Authority said Monday.

The Kansas City, Mo. City council has approved a measure that requires any plan that calls for the demolition and reconstruction of terminals at city-owned airports to go to voters.

The top two members of the Kenton County Airport Board have resigned amid a special examination into spending practices by Kentucky Auditor Adam Edelen.

The MTA board's finance committee approved a discount for frequent users of the Verrazano-Narrows Bridge. The full board will consider it Wednesday.

Federal Railroad Administration gave California's bullet train authority another 90 days to come up with $180 million of state match for federal spending.