Transportation industry

Panelists at the Bond Buyer's annual transportation and P3 conference said the newly expanded TIFIA program, combined with private activity bonds and yield-hungry investors are powerful tools for governments embarking on public-private transportation projects.

Los Angeles World Airports' success in managing a multi-billion dollar expansion project is likely to be parlayed into a receptive environment for its $269 million bond pricing next Wednesday.

Battered by Hurricane Sandy, New York's Metropolitan Transportation Authority may be on the hook for an estimated $950 million, even after reimbursements.

Miami sells $50 million of revenue bonds next week to qualified investors to refinance a loan used to pay a portion of building underwater tunnels to the Port of Miami.

President Obama should seek federally-subsidized infrastructure bonds, a national infrastructure bank, and standardization of state tolling authority to help accomplish his infrastructure investment goals, the Center for American Progress said in a new report.

Standard and Poor’s assigned a BBB-minus rating to a $300 million Transportation Infrastructure Finance and Innovation Act loan for the 95 Express Lanes in Virginia.

Kentucky has chosen Walsh Construction Co. to build the so-called “downtown crossing,” Kentucky’s share of the massive Ohio River Bridges Project.

Georgia Gov. Nathan Deal will seek an additional $50 million in funding for the Savannah Harbor Expansion Project

Michigan senators Tuesday approved a bill that is part of a larger legislative package to create a bond-issuing regional transit system for the Detroit metro area.

The Ohio Department of Transportation last week issued a request for qualifications from firms interested in partnering on the state’s first public-private partnership project, a $332 million bridge in downtown Cleveland.

Rep. Bill Shuster appears to have secured his chairmanship of the House Transportation and Infrastructure Committee after receiving the blessing of current chairman John Mica.

Miami-Dade County hopes retail investors will take interest in a $790.05 million offering this week to refund bonds sold for Miami International Airport.

Williamson County, Texas commissioners last week authorized the use $36 million remaining from a $228 million road bond program approved by voters in 2006.

Following a downgrade from Fitch Ratings, Burlington, Vt., is planning to sell $26.4 million of airport refunding revenue bonds this week.

DALLAS – A plan to issue $25 million of state lease revenue bonds to repair a Tulsa dam was unanimously rejected as unconstitutional Tuesday by the Oklahoma Supreme Court.

Louisiana will use proceeds from $110 million of bonds to build a two-mile segment of an interstate highway project that will link Midwest industries to Gulf ports.

The Federal Transit Administration notified Congress on Monday that it will sign by year-end a $1.55 billion full funding grant agreement to help fund Honolulu’s $5.2 billion elevated rail project.

A group pushing for development of a $1.3 billion regional mass-transit system in two central Indiana counties renewed their push last week, urging lawmakers to approve a voter referendum.

There is more new leadership at the American Association of State Highway and Transportation Officials, as the group voted this week to elect Rhode Island Transportation Director Michael Lewis as the association's president for the next year.

The New Mexico Transportation Commission will detour the wreckage of the New Mexico Finance Authority with $215 million of refunding bonds.