Transportation industry

Amtrak's roughly $7 billion master plan for a complete overhaul of Washington D.C.'s Union Station will likely involve a large collaborative effort mixing public and private funding sources, according to a company spokesman and industry experts.

Atlanta area political and business leaders have a solution to traffic that's ranked among the worst in the U.S.: Ask voters to approve a sales tax increase to raise $8.5 billion over a decade for roads and public transportation.

New York's Metropolitan Transportation Authority introduced a financial plan on Wednesday that projected a $46 million cash surplus rolled into each of the next two years, but also deficits from 2014 to 2016 that range from $14 million to $231 million.

Officials involved with the new Tappan Zee Bridge project promised openness and transparency but still did not have a plan of financing for project costs.

The Corpus Christi City Council is considering a recommendation for a $55 million general obligation bond referendum in November that would focus on upgrades and maintenance of city streets.

Two ports in Florida and one each in Georgia and South Carolina will see expansion projects expedited thanks to the Obama administration's "We Can't Wait Initiative."

Struggling to repay $113 million in debt that financed its privately-owned and operated airport in Missouri's Ozark Mountains, Branson Airport LLC has won a reprieve against enforcement actions from bondholders in the form of an extended forbearance agreement.

Detroit officials this week announced the city won a $30 million federal grant to help buy and upgrade city buses among other capital upgrades.

Moody's Investors Service said this week Chrysler's improved performance and production at its Belvidere plant in the Rockford, Ill., metropolitan region is a credit positive for the area.

Sussex County board member Eric Fly voiced his concern over the process and the plan itself, "The whole process is backwards. VDOT isn't going to give the public any time to voice their opinion prior to submitting their final application to the Federal Highway Administration. They clearly know that the public is against the idea and are therefore trying to jam it through before any public comment.

The U.S. Department of Transportation today announced $787 million in grants to 48 states, the District of Columbia and Puerto Rico for 255 projects that will upgrade or replace mass transit infrastructure.

Five consortiums have said they are interested in bidding on Georgia's nearly $1 billion Northwest Corridor project, the Atlanta-region congestion reliever that once was the state's first public-private partnership.

Dallas-Fort Worth International Airport plans to issue $381 million of new money for its $2 billion terminal remodeling program as the airport's largest tenant, American Airlines, considers possible mergers under bankruptcy protection.

Its finance manager is examining how the alleged London interbank offering rate scandal has affected the transit authority's investments.

Moody's knocked $6.5 billion of Chicago O'Hare international Airport general airport revenue bonds down one notch due to the airport's high leverage, narrow financial margins, and economic and construction risks tied to its ongoing $8 billion expansion.

The commonwealth awards a $2.6 billion contact after bidding that attracted some of investment banking's biggest names.

The Chicago region could unsnarl its traffic mess and generate $2 billion in economic activity by 2040 by undertaking 11 major road construction projects with a $52 billion price tag paid for with new toll and user fees, according to a report from the California think tank the Reason Foundation.

The Federal Highway Administration put the brakes on North Carolina's second toll road this week and rescinded its approval of the Monroe Connector/Bypass project for which three tranches of bonds have been sold.

The San Francisco Municipal Transportation Agency raised $63.8 million last week from the sale of revenue bonds during its first foray ever into the municipal bond market.

California Gov. Jerry Brown signed a bill Wednesday that authorizes $4.7 billion, partly from the sale of bonds, to start construction of a high-speed intercity passenger rail network.