Transportation industry

Reduced federal funding prompts Kentucky and Ohio to consider using a P3 to build the $3.57 billion Brent Spence Bridge Project between Kentucky and Cincinnati.

Fitch Ratings has assigned an AAApre rating with a negative watch to $2.3 billion Foothill/Eastern Transportation Corridor 1999 revenue series bonds that are being pre-refunded using the proceeds of a refinancing of the bonds conducted earlier this month.

Standard & Poor's placed nearly $1 billion of certificates of participation for four transit systems on its watch list Monday based on its new ratings criteria.

Important decisions lie ahead in the New Year for the Orlando-Orange County Expressway Authority in central Florida, including hiring a new director.

Heavily used roads in Texas' energy-producing regions will get $150 million for repairs and improvements.

The Federal Transit Authority has made available $3 billion of competitive grants aimed at upgrading the storm resilience of public transit infrastructure.

The Idaho Housing and Finance Association plans to price the final $82 million of a multi-year series totaling $857 million in grant anticipation revenue vehicle bonds on Jan. 14, amid concern that the Highway Trust Fund that provides subsidies might be unsustainable.

Cincinnati re-launched construction Thursday on a $133 million, partly bond-funded streetcar line a week after the city council unexpectedly voted to revive the controversial project after a pledge of private support.

Transportation infrastructure funding is at a crossroad in 2014, as lawmakers confront the necessity of finding ways to bolster the rapidly depleting Highway Trust Fund while supporting efforts to ensure the nation's airports and ports maintain a global economic edge.

A Puerto Rico authority announced advisors for four projects under evaluation as priority P3 projects.

The Texas Department of Transportation is preparing to open a 15-mile section of the Grand Parkway toll road around metropolitan Houston.

While a nearly year-long dispute over the management of Charlotte Douglas International Airport continues former long-time director, Jerry Orr, plans to retire.

Maryland Transportation Authority will generate less than $10 million a year in toll revenue from express lanes on a $1.1 billion highway improvement project.

Phil Wilson, executive director of the Texas Department of Transportation and former aide to Gov. Rick Perry, will become general manager of the Lower Colorado River Authority Feb. 1.

The Virginia Department of Transportation sought bids on more than $2.5 billion of transportation projects — more than the promised $2 billion - this year, Gov. Bob McDonnell said Wednesday.

New York's MTA approved $2.3 billion in new-money bonds and hired PFM Group and Mohanty Gargiulo as financial advisor and swap advisor, respectively.

New York's Metropolitan Transportation Authority approved a $13.5 billion budget and four-year plan, but tabled a $25 million proposal for service restoration.

A new plan says most of the $4.39 billion needed to finish the Atlanta BeltLine can be done with bonds, government funds, donations and public-private partnerships.

Moody's Investors Service lowered the outlook on its Baa1 rating for Galveston Wharves to negative, citing reduced cargo and passenger volumes.

U.S. Sen. Jay Rockefeller wants to know why the Port Authority of New York and New Jersey closed lanes on the George Washington Bridge in September.