Transportation industry

The Ohio Turnpike Commission plans to come to market the week of July 29 with $1.1 billion of turnpike bonds backed by a new credit pledge that is key to the state's future transportation funding plans.

Massachusetts Gov. Deval Patrick signed a $34 billion budget, but vetoed $417 million while a separate transportation bill remains unresolved with the legislature.

San Francisco International Airport plans to go ahead with plans to price $483 million in debt next Thursday even as the airport faces an investigation into a crash landing at the airport last weekend that left two dead and five seriously injured.

San Francisco International Airport plans to go ahead with plans to price $480 million in debt next Thursday even as the airport faces an investigation into a crash landing at the airport last weekend that left two dead and five seriously injured.

Toll revenue from the I-495 express lanes in Northern Virginia increased 64.6% from the first to second quarters of this year, according to Transurban Group, the Australian infrastructure firm that operates the lanes.

Following a review of 32 bolts that failed in March, transportation officials announced that the opening of the new eastern span of the Bay Bridge will be delayed.

Republican leaders on the House Transportation Committee said Tuesday that they intend to reauthorize a rail bill this year and want the legislation to take into consideration innovative financing methods such as public-private partnerships and federal loans.

Georgia is seeking public comments on three vendors that are vying to build the estimated nearly $1 billion, 30-mile, Northwest Corridor managed-lane project.

Denver will price one of its largest issues of airport bonds Thursday, offering $736 million of subordinate-lien debt for construction of its South Terminal hotel and commuter rail station.

Moody's Investors Service hit Rock Island County Metro Mass Transit District in Illinois with a one notch downgrade to Aa3 over the district's heavy reliance on aid from the struggling state to cover operations and debt service.

A U.S. House of Representatives subcommittee is scheduled to hold a hearing Tuesday about the role that innovative financing tools, such as tax-increment financing, federal loans and public-private partnerships, can play in funding intercity passenger rail projects.

Triple-A-rated Utah will offer investors a safe bet this week with $217 million of general obligation bonds for the Beehive State's growing highway system.

A New York State appellate court's upholding of the Metropolitan Transportation Authority's payroll mobility tax is a credit positive for the transit agency, Moody's Investors Service said Monday.

California State Treasurer Bill Lockyer on Wednesday released a report on the Foothill/Eastern Transportation Corridor Agency that found the toll agency could eventually default on its bond payment obligations without a proposed $2.21 billion restructuring of the agency's debt.

Pennsylvania Turnpike Commission CEO Mark Compton named three persons to a committee to review contracting practices in the aftermath of a pay-to-play scandal.

Rhode Island lawmakers on Tuesday voted for a 10-cent toll on the Sakonnet River Bridge until April while a state agency considers an alternative funding plan.

The Illinois State Toll Highway Authority plans to enter the market with a roughly $425 million fixed-rate refunding of toll-backed revenue bonds in a deal scaled down due to rising interest rates.

North Dakota and other rural states led the Reason Foundation's performance rankings of state highway systems based on 2009 data, while more populous states including New Jersey, California and New York found themselves toward the bottom of the ratings.

Anthony Foxx was sworn in as U.S. Secretary of Transportation Tuesday morning in a private ceremony at the department's headquarters.

Texas lawmakers will consider highway funding measures when the second special session of the year reconvenes July 9.