Transportation industry

As the Southeast's economy slowly begins to thaw, measures on the Nov. 6 ballot reflect both fiscal conservatism and pent-up demand for education and transportation needs.

Though they can often deliver infrastructure projects faster and at lower cost than traditional procurement, P3s are not a silver bullet and not always the right way to go, according to a new white paper released by the National Council for Public-Private Partnerships.

Several Virginia municipalities have retained legal counsel to fight Gov. Bob McDonnell's plan to toll Interstate 95, which commonwealth officials have said could help close a $10 billion funding gap over the next 25 years.

Dallas Area Rapid Transit will close out its commercial paper program with Bank of America by issuing $128.3 million of sales-tax revenue bonds in a deal postponed due to the storm on the East Coast.

Chesapeake, Va.'s triple-B rated toll bridge deal last Wednesday saw investors chasing yield and oversubscribing the $151 million deal by more than 12 times.

More than half of those polled by the University of Arkansas in a recent telephone survey favor a proposed sales tax increase to support $1.3 billion of state highway revenue bonds.

The New York State Thruway Authority picked Tappan Zee Constructors to begin negotiations on a contract to construct the new $5 billion Tappan Zee bridge.

New York Gov. Andrew Cuomo received the Energy Highway Task Force's blueprint for additional electric generation and transmission capacity.

Raising the base fare on New York subways and buses to $2.50 is the most likely fare-increase scenario, said Joseph Lhota, chairman of the Metropolitan Transportation Authority.

Connecticut officials celebrated the completion of the Arrigoni Bridge overhaul two months ahead of schedule.

The Regional Transportation Authority of Illinois qualified 10 financial advisory firms to assist the agency on future bond deals and other fiscal transactions over the next five years.

Spaceports are popping up all over the U.S., as both existing airports and brand new facilities position themselves to profit from a new age of commercial space travel and transport, but the industry is still in its infancy.

Voters in unincorporated Ascension Parish, La., will vote on a 0.5% sales tax that would support $80 million of revenue bonds for road improvements.

The Louisiana will sell $350 million of state road bonds at one time rather than spreading the deal into three tranches, on the advice of Treasurer John Kennedy.

The Metropolitan Atlanta Rapid Transit Authority's new chief executive, Keith T. Parker, signed a five-year contract with a base salary of $320,000 a year.

Fitch Ratings has affirmed its AA rating and stable outlook on the Ohio Turnpike Commission ahead of an expected announcement by Gov. John Kasich of his plans to privatize the 241-mile toll road.

Miami-Dade County, Fla., this week prices the first of two deals that will bring nearly $1.5 billion of bonds to market within a month.

The Utah Transit Authority will complete financing for its 2015 rail projects and convert about half of its variable-rate bonds to fixed-rate in a $296.8 million deal next week.

The Arizona Department of Transportation said it will complete a route study for a commuter rail line linking Phoenix and Tucson.

Airports will continue to remain at risk for credit downgrades until passenger enplanements reach consistent growth of 3%, far above the flat-to-negative trajectory Moody's Investors Service expects.