Transportation industry

Dallas-Fort Worth International Airport continues its record refunding year next week with a $269 million issue that coincides with a terminal remodeling program and the bankruptcy of its major tenant.

A new report from Loop Capital Markets concludes that airports that rely heavily on cargo shipping have been less resilient during the recession and subsequent recovery than more passenger-oriented facilities.

Dallas/Fort Worth International Airport's board of directors approved a settlement ending its four-year royalty dispute with Chesapeake Energy Corp. over the price paid on natural gas extracted from airport property.

Airports Council International-North America released a manifesto Monday, calling for the U.S. government to eliminate the alternative minimum tax on private activity bonds and provide airports with reliable funding mechanisms.

Arkansas will begin work soon on highway projects financed with proceeds from Tuesday's competitive sale of $225 million of Garvee bonds. It is the first tranche from a $575 million Garvee program authorized by voters in 2011.

Rep. Bill Shuster looks like the most likely candidate to follow in his father's footsteps as the next Chair of the House Committee on Transportation and Infrastructure, but several dark horse candidates are also in the mix, transportation lobbyists say.

Three groups have filed complaints stating that federal approval for the $2.6 billion Ohio River Bridges Project should be thrown out because laws were violated.

After plunging during the financial crisis, the issuance of municipal bonds subject to the alternative minimum tax is slowly rebounding, with airports leading the way.

The Regional Transportation Authority of Illinois has hired former Chicago revenue director Bea Reyna-Hickey as its CFO, filling the position left vacant by Grace Galluci's departure to run the Northeast Ohio Areawide Coordinating Agency.

A public-private partnership to develop a $400 million light rail line in San Juan, P.R. might utilize parking revenue, fares, and other sources to finance the project, according to city officials.

Charlotte Douglas International Airport plans to start laying the groundwork toward building a fifth runway at a cost of $160 million.

The Orlando-Orange County Expressway Authority has named interim director Max Crumit to be the Florida agency's permanent leader.

Firms from four countries as well as the U.S. expressed interest in participating in a public-private partnership to construct a street car system in the District of Columbia.

Fitch Ratings last week downgraded $41.1 million of transportation improvement bonds issued by the Butler County Transportation Improvement District, Ohio, to A from AA-minus. The outlook is negative.

Tax-increment financing is an increasingly popular model for cities looking to finance mass transit development, but participants in such projects said Thursday that economic conditions have created several significant challenges for TIF undertakings.

Gov. John Kasich, who has made privatization of state assets a top priority, announced that the state will embark on its first P3 with the construction of a new bridge in downtown Cleveland.

The GOP 2012 platform, scheduled to be approved at the party's national convention Tuesday, includes several familiar tax proposals and a handful of initiatives to encourage more private sector involvement in infrastructure finance.

The Southern Environmental Law Center Tuesday filed a federal suit on behalf of conservation groups challenging North Carolina's $1 billion Garden Parkway toll road.

A new projection produced by the Congressional Budget Office shows that both the highway trust fund and transit account, key sources of federal transportation funding, will run out of money in fiscal year 2015 under the recently enacted transportation law.

Australia-based infrastructure development giant Macquarie Capital will advise San Juan, P.R. in its quest to put together a light rail public-private partnership that has been estimated at $400 million, the city announced Monday.