Transportation industry

There is a pervasive belief that Joe Biden is likely to be more effective reaching across the aisle than Donald Trump.

Skanska and its Elizabeth River Crossings partner, Macquarie Infrastructure Partners, will sell the concession to an Abertis Infraestructuras S.A.-led venture.

MBTA officials insist the moves, which include a capital-to-operating budget shift, are necessary to help seal a coronavirus-related $579 million operating gap.

The move would not resolve structural budget gaps, according to the rating agency.

California will give the private activity bond capacity granted to the high-speed rail project to affordable housing projects and other qualifying ventures.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

California Gov. Gavin Newsom's executive order directs regulators to put rules in place to end the sale of gas- and diesel-powered passenger vehicles in 2035.

The transit agency — its revenues battered, its credit standing weakened and with no federal rescue aid in sight — looks to borrow its remaining $2.9 billion available through the Municipal Liquidity Facility.

In an all new money deal, North Carolina plans to issue debt for its Build NC statewide transportation financing program.

How effectively bus and train operators can serve commuters coming out of the coronavirus pandemic remains a big question.

Squire Patton Boggs partners Rodney Slater and Alethia Nancoo view the landscape from the ground and the skies with Northeast Regional Editor Paul Burton. Slater is a former U.S. transportation secretary. Nancoo’s practice focuses on public, private and project debt finance. (31 minutes)

A long-planned Maryland light rail system, which has encountered financial and legal obstacles, could make it tougher for large-scale P3 transit projects, according to analysts.

The Central Texas Regional Mobility Authority will sell $333 million of bonds and notes.

Officials from New York's MTA and the Long Island village are working on a project to build in what is now a commuter train station parking lot.

Nuveen’s John Miller, the biggest backer of Fortress Investment Group Inc.’s Brightline passenger railroad in Florida, had been skeptical of plans to forge ahead swiftly with a multi-billion dollar venture to build a second line running between Southern California and Las Vegas.

The Fortress Investment Group-backed passenger railroad in Florida, Brightline Holdings LLC, is offering to buy back as much as $250 million of bonds from investors for 100 cents on the dollar, about 17% more than where some of the securities have been trading.

Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.

The Chicago-area transit agency says it needs more federal aid to manage pandemic-induced funding shortfalls.

Initiative 976, which would have cut car registration fees, would also required Sound Transit “to retire, defease, or refinance bonds”

The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.