Transportation industry

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.

Valley Metro will build an 11-mile extension of its light rail network from downtown Phoenix after last week's approval of the project by the Maricopa Association of Governments.

Franchise strength, offset by leverage, is the most important component of Fitch airport ratings, according to a new Fitch Ratings report. The study concludes an 8 month review of Fitch's airport portfolio.

The MTA, whose sheer enormity makes it an easy target for critics, was in feel-good mode even while acknowledging it many financial challenges.

Voters across Georgia head to the polls Tuesday to decide whether to raise the sales tax by 1% over the next decade to pay for transportation projects. The tax will raise more than $18 billion over 10 years.

The Providence, R.I., City Council on Thursday backed Mayor Angel Taveras' proposed bond referendum on $40 million worth of citywide street and sidewalk paving.

Vermont plans to sell $10 million of special obligation transportation infrastructure bonds to fund bridge reconstruction and roadway reconfiguration projects.

Jay Walder, the chief executive of Kong Kong's MTR Corp. and former chairman of New York's Metropolitan Transportation Authority, signed a 25-year public-private partnership with Hangzhou, China, to build a subway line.

Ridership on Port Authority Trans-Hudson, or PATH trains, is on pace to set a record for the second consecutive year.

U.S. Transportation Secretary Ray LaHood is encouraging states and cities to submit letters of interest for an available $1.7 billion under the Transportation Infrastructure Finance and Innovation Act loan program, which LaHood said could ultimately help leverage $50 billion in transportation investment.

A new Government Accountability Office study examining bus rapid transit concludes that cities with limited funding sources and no major congestion issues may find high-cost features worthwhile only if economic development is a major goal of the bus line.