Transportation industry

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.

CHICAGO — The governors of Kentucky and Indiana Monday released the first comprehensive financing plan for a massive $2.6 billion bridges project that will rely heavily on tolls.

DALLAS — As George Bush Intercontinental Airport's $1 billion redevelopment gets under way, Houston will issue $520 million of refunding bonds for the facility Tuesday, the largest deal of the year so far in Texas.

New York's Metropolitan Transportation Authority will go to market armed with a creative tool: the floating-rate note.

The North Carolina Turnpike Authority has received final federal approval of the route for the Garden Parkway, a 22-mile, limited-access toll road.

Seattle’s Highway 99 tunnel project is now expected to only get half of the expected $400 million to pay for construction costs from tolls, according to the Seattle Times.

WASHINGTON — With high-speed rail projects having trouble getting government and private financing, infrastructure firms and rail advocates are looking to "Plan C" - public-private partnerships.

Three months into its Chapter 11 bankruptcy, American Airlines Inc. has begun to show its hand to investors holding $3.2 billion of the carrier's special facilities revenue bonds by making good — at least for now — on some debt-related payments while moving as expected to shed other obligations.

The chairman and chief executive of New York's Metropolitan Transportation Authority said the timing is ideal for two bond sales in March, including a $400 million offering next week.

Transportation Secretary Ray LaHood and House Transportation Committee chairman John Mica traded jabs over the funding of California's high-speed rail project Wednesday, the latest public display of the rift between House Republicans and the Obama administration over the future of American transportation.

The executive director of the Port Authority of New York and New Jersey said an audit report that upbraided the bistate agency is an effective wakeup call.