Transportation industry

Fitch Ratings said the BB-minus rating on Brightline’s $600 million of private activity bonds was removed because the project has changed strategic focus.

The Metropolitan Transportation Authority faces a plate of challenges as crowded as its trains at New York rush hour.

As U.S. airports crowd into the debt market to fund capital projects, Dallas-Fort Worth International Airport will increasingly turn to taxable bonds.

The $1.8 billion Chicago O’Hare Airport deal tops a $9 billion new issue calendar that will slake the thirst of a supply deprived municipal bond market this week.

Gov. Eric Holcomb's administration had been required to study the idea of more tolls under 2017 state legislation.

Florida agencies will negotiate with the private rail operator, currently known as Brightline, to build tracks for passenger service to Tampa.

Long Beach, California, is seeking a second TIFIA loan for its Gerald Desmond Bridge replacement.

Democratic control of the House of Representatives may lower the barrier to sustainable transportation funding, said Bond Buyer conference participants.

The Federal Transit Administration has not yet awarded $760 million of the $2.62 billion Congress set aside for transit grants in fiscal 2018 almost two months after the end of the budget year.

The deal clears one legal obstacle to the upcoming issuance of PABs, although two other challengers plan to pursue a federal lawsuit.

The state plans to price $190 million of general obligation highway capital improvement bonds.

Once a high-profile story of fiscal mismanagement, D.C. is now providing an example other large cities are exploring for themselves.

Chicago expects to add more than $9 billion in O'Hare debt in the coming years to upgrade the airport's terminals.

A planned elimination of variable-rate debt exposure and termination of outstanding swaps lifted the bi-state transportation agency's rating outlook.

The passenger train operation will rebrand as Virgin Trains USA after a small investment from Richard Branson's Virgin Group.

The deal allows the authority to exit a 280-year lease and take ownership of the station, the Hudson Line and the Harlem Line.

Kane County's share of Regional Transportation Authority sales taxes backs up its pledge of toll revenue for the Longmeadow Parkway bridge.

Gov. Andrew Cuomo credited Lhota for stabilizing the subway system.

Voters in three states approved Medicaid expansion, highlighting dozens of ballot measures around the country that will impact budgets and credit.

State officials say the P3 structure will allow it to complete the Interstate 75 project a decade early.