Transportation industry

New York's Metropolitan Transportation Authority will price $805 million of Triborough Bridge and Tunnel Authority refunding bonds, starting with Wednesday's retail period.

Los Angeles City Council will vote Wednesday on whether to ask voters to approve $3 billion in bonds for street repairs.

Kentucky and Indiana settle the 2009 federal lawsuit by two nonprofit groups that could have derailed the $2.6 billion Ohio River Bridges Project. A second federal complaint is still pending.

Long-term pressures continue to plague bonds backed by the federal highway trust fund, but investors can offset their risk by investing in debt also secured by other revenue, according to a Wells Fargo analysis released Monday.

Georgia is moving forward with the nearly $1 billion Northwest Corridor Project after changing direction on how to proceed with the project to relieve gridlock in the Atlanta region.

Ohio Gov. John Kasich's proposal to issue $1.5 billion of bonds against future toll revenue from the Ohio Turnpike won't hurt bondholders of existing turnpike debt, though the new bonds may not be as highly rated as the current AA debt, Fitch Ratings said in a report Friday.

Bank of New York Mellon accelerated about $116 million of toll revenue bonds due to ongoing defaults by Florida's Santa Rosa Bay Bridge Authority. The trustee said payment on the bonds is due immediately.

Growing traffic between the United States and its international neighbors is leading to a need for more border road crossings, but a new HNTB white paper stresses the need for careful and conservative revenue studies for near-border toll points.

The South Carolina Alliance to Fix Our Roads has begun to lobby for an increase in the state's motor fuel tax to fund more than $50 billion in needed transportation improvements.

Standard & Poor's placed the Puerto Rico Highway and Transportation Authority's bonds on CreditWatch with negative implications.

For the second time in three months, Standard & Poor's upgraded its long-term rating on the Cleveland-Cuyahoga County Port Authority's bond fund program.

Moody's Investors Service downgraded the Bishop International Airport Authority, Mich. to Baa3 from Baa1 citing falling passenger levels and cuts in airline service offerings.

The Indiana Finance Authority finalized its agreement and reached commercial close on a deal with WVB East End Partners to design and build the state's part of the massive bi-state Ohio River Bridges Project.

Chicago has reached a settlement with St. John United Church of Christ that includes a $1.3 million payment for church land that had housed a cemetery moved to make way for a new runway at O'Hare.

The inland Port of San Antonio expects to issue $24 million of bonds after bypassing the debt market in 2012, according to Moody's Investors Service.

A federal ruling will allow the $5.2 billion Honolulu elevated rail transit project to move forward, securing $1.5 billion in federal funding approved on Dec. 20.

The Massachusetts Bay Transportation Authority is considering an anticrash system for its streetcars, but would have to pay around $700 million and take nine years to implement it.

The Illinois State Toll Authority board has approved a $1.5 billion budget for the coming year along with $1 billion in toll-backed bonds in the agency's first borrowing to support its 15-year $12 billion capital program.

With expansion of an international toll bridge in Eagle Pass, Texas, expected to begin in April, Moody's Investors Service affirmed its Baa1 rating on the system's senior lien revenue bonds.

Aviation in North Carolina contributes about $26 billion to the state's economy, or 6% of the state's gross domestic product, according to a study.