Transportation industry

Pennsylvania Gov. Tom Corbett and the Philadelphia Regional Port Authority announced the signing of a Delaware River dredging contract.

Gov. Andrew Cuomo announced that the New York State Department of Transportation has awarded a $29.3 million contract through the NY Works program for repairs to 13 bridges.

After proposing a toll increase in June, the Maine Turnpike Authority board is expected to make a final decision on a new toll structure Aug. 16.

Rep. Frank Wolf, R-Va., announced this week that he has introduced legislation that would hand control of the Metropolitan Washington Airports Authority to Virginia.

Moody's Investors Service changed the rating outlook to positive from stable on the Metropolitan Nashville Airport Authority's $197 million of A2-rated bonds. Moody's also upgraded the authority's $63 million of rental car facility bonds to A3 from Baa1.

The Kentucky Transportation Cabinet has issued the final guidelines that three teams will use to develop proposals for building the state's half of the $2.6 billion Ohio River Bridges Project.

Moody's places the Massachusetts Bay Transportation Authority's senior sales tax bonds on review for possible downgrade, affecting roughly $3.8 billion in debt.

These reduced forecasts are likely to impair the ability of Pocahontas 895 to service the bank and Transportation Infrastructure Finance and Innovation Act (TIFIA) loans used to fund the road's development.

Indiana last week released its final request for proposals for the East End Crossing of the massive $2.6 billion Ohio River Bridges Project.

The transportation infrastructure funding crisis facing governments at all levels is providing a "silver lining" in finance innovation as state governments are turning increasingly to such new tactics as variable-rate fuel taxes and mileage-based user fees, according to a report released this week by the National Conference of State Legislatures.

The nine Georgia regions encompassing 113 counties could face additional funding pressure due to rejection of transportation sales tax, according to Moody's.

Vermont's $10 million bond sale will help it receive an additional $51 million in federal funding for bridge and road projects throughout the state, said State Treasurer Beth Pearce.

Chicago plans to enter the market Wednesday with the first piece of $1.2 billion of O'Hare International Airport refunding debt in a deal expected to generate double-digit savings while also streamlining the airport's lien structure. The city will sell $769 million of GARBs Wednesday and follow up later in the month with $443 million of PFCs.

Joining a lower Manhattan real-estate scramble, New York's issued a request for proposals to oversee retail space in its planned Fulton transit center.

Voters in nine of 12 districts in Georgia Tuesday rejected raising the sales tax by 1% to pay for billions in transportation improvements. In the 11-county Atlanta region, among the most congested in the state, 62.6% of voters said no.

New York's Metropolitan Transportation Authority responded angrily to Thomas DiNapoli's audit that accused the transit agency of giving Apple an inside advantage for a lease for prime retail space at Grand Central Terminal.

The Milwaukee County Board has approved an increase in the $3 passenger facility charge at Mitchell International Airport to $4.50.

The New York State Thruway Authority received three proposals from teams that are vying for the opportunity to design and build a replacement for the existing Tappan Zee Bridge.

Alabama Gov. Robert Bentley Monday added another $78.3 million in road and bridge projects to $138.5 million already approved as part of the state's largest-ever transportation funding program. The projects are part of a $650 million program to be financed with grant anticipation revenue vehicle bonds.

An opinion poll conducted in mid-July found 49.5% of likely Arkansas voters oppose a plan to raise the sales tax to finance construction of a network of four-lane state highways.