Transportation industry

Federal lawmakers approved a 27-month, $105 billion surface transportation bill Friday, protecting revenue streams crucial for state and local infrastructure financing despite the absence of municipal bond measures that had been sought by market advocates

The New York State Thruway Authority's $1.1 billion sale of general revenue bonds met high demand last week, despite being placed on negative outlook by credit rating agencies.

The Port Authority of New York and New Jersey has selected four firms to provide underwriting services for the World Trade Center redevelopment.

Illinois State Toll Highway Authority board approved a pool of four financial advisory firms as it gears up to begin borrowing for a $12 billion capital program.

A long-awaited federal highway bill does not include the bond-friendly provisions championed by muni market groups and public finance advocates.

On the eve of a refunding for the same amount and with former Gov. David Paterson on board, the agency signs off on spending for capital projects

Fitch Ratings has affirmed its D rating on the Santa Rosa Bay Bridge Authority's approximately $116.8 million in outstanding revenue bonds, which are in default.

Jefferson County Commissioner Joe Knight wants to remove disgraced former county commissioner Mary Buckelew's name from a road.

Officials from the Chicago Transit Authority Monday said a $20 million federal TIGER grant would allow the agency to move forward with upgrades to a busy transit terminal.

Several municipal bond provisions that have gotten strong support from muni lobbyists, market participants, and state governments and which were included in the Senate-passed highway bill may not survive eleventh-hour House-Senate committee negotiations, stakeholders say.

Ohio State University approved a final $483 million concession agreement to lease its parking system for 50 years to QIC Global Infrastructure and LAZ Parking.

Boston has the nation's oldest public transportation system, and the most leveraged. So far, one-shot measures have filled shortfall's but critics complain.

The latest round of TIGER grant funding will disburse nearly $500 million to 47 projects in 34 states and the District of Columbia, U.S. Transportation Secretary Ray LaHood announced Friday. The Department of Transportation received 703 applications from all 50 states, U.S. territories, and D.C. The awards ranged from $1 million to $21.6 million.

Virginia Gov. Robert McDonnell announced this week that the Virginia Transportation Infrastructure Bank will provide $160 million in loans to help finance two major transportation projects in the commonwealth.

With the final step in the federal environmental review process completed this week, the $2.6 billion Ohio River Bridges Project will allow Kentucky and Indiana to award construction contracts before the end of the year and the spans will serve to ease congestion across the Ohio River, said U.S. Transportation Secretary Ray LaHood.

The U.S. Department of Transportation has released $10 million under its TIGER grant program to modernize the infrastructure and warehouse facilities at the Hunts Point Terminal Market in New York City’s Bronx borough.

The Triborough Bridge and Tunnel Authority is scheduled to sell $195.6 million of general revenue variable-rate refunding bonds on Thursday by competitive bid.

Richland County, S.C., council members are poised to try to ask voters for the second time in two years to approve a 1-cent, 20-year sales tax to finance nearly $940 million in transit and road projects.

Lacking a financial plan for the $5 billion Tappan Zee Bridge replacement, the New York State Thruway Authority received negative ratings outlooks.

Chicago Blue Line Renewal & City Bike Share, Ill., $20 million I-95 HOT Lanes, Northern Va., $20 million State Route 91 Corridor Improvements, Calif., $20 million South Jersey Port Rail Improvements, N.J., $18.50 million LYNX Blue Line Capacity Expansion, N.C., $18 million Sellwood Bridge Replacement, Ore., $17.7 million Port of Long Beach Rail Realignment, Calif., $17 million Port of New Orleans Rail Yard Improvements, La., $16.7 million