Transportation industry

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida is extending the call date on all or a portion of $185.8 million of term bonds at the request of Citi.

Pennsylvania’s General Assembly has advanced to the Senate a bill requiring an annual financial and management audit of the Delaware River Joint Toll Bridge Commission by auditors in both the Keystone State and New Jersey.

A total of about $101 billion, plus increases for inflation, will be needed annually over the next 20 years from federal, state,and local governments to keep the highway system in its current state, the Department of Transportation said Friday.

WASHINGTON — The two-year, $109 billion highway bill that cleared the Senate Wednesday contained several provisions that would benefit or ease restrictions on municipal bonds, but market participants think they could come to nothing if the House insists on pursuing its own bill.

WASHINGTON — The Senate voted 74 to 22 on Wednesday to approve a two-year, $109 billion highway reauthorization bill that would increase the limit for bank-qualified bonds to $30 million from $10 million.

An end may be in sight for the two-year old bankruptcy of the Las Vegas Monorail Co., albeit at a steep price for bondholders.

WASHINGTON — The Senate narrowly approved a proposal to prohibit the use of private-activity bond financing on certain toll roads as they inched toward final passage of a two-year, $109 billion highway reauthorization bill Tuesday.

Faculty at Ohio State University last week voted against the administration’s plan to privatize its parking system.

The Minnesota Department of Transportation released a revised cost estimate of $626 million on building the St. Croix River Crossing bridge project.

Illinois Gov. Pat Quinn on Tuesday announced state funding of $32 million for the construction of a new transportation-related education center at the City Colleges of Chicago’s Olive-Harvey campus.

The New York State Thruway Authority plans to issue $779.3 million of second general highway and bridge trust fund bonds, Series 2012A, on Wednesday by negotiated bid.

DALLAS — The Texas Department of Transportation plans on leveraging up to $2 billion more than expected over the next two years after reassessing federal revenues and construction costs, officials said.

BRADENTON, Fla. — The Bank of New York Mellon will distribute the toll revenues of Florida’s Santa Rosa Bay Bridge Authority to holders of the agency's defaulted bonds later this month.

The board of the recently created Connecticut Airport Authority has hired Bridgeport law firm Pullman & Comley LLC as general counsel for one year.

The California state controller’s office launched a two-month investigation in Riverside on Monday that they characterized as a routine review of a transportation project.

A dispute over the revenue projections for the Dulles Toll Road provides the backdrop for a hearing the Fairfax County, Va., Board of Supervisors is preparing to hold March 20 to decide whether to approve the next phase of construction on an associated rail line.

Following a report that said it pays a lot more to New York's Metropolitan Transportation Authority that it gets in service, Rockland County, N.Y., officials have begun to explore a withdrawal from the MTA.

Investors holding term bonds exchanged last year as part of the Connector 2000 Association bankruptcy must exchange them a second time after the bonds they received proved to be untradeable for technical reasons.

The Senate on Tuesday voted against limiting debate on dozens of amendments lawmakers want to add to a bipartisan transportation bill, setting up more negotiations as Congress moves closer to having to resort to yet another temporary extension to the current law before it expires at the end of this month.

The next phase of the Dulles Rail Project will cost $2.7 billion — much lower than the previous $3.8 billion estimate that included an above-ground station, the Metropolitan Washington Airports Authority announced Tuesday.