Daily News Briefs, July 9, 2019

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Status Update on TxDOT's Controversial I-45 Remake Proposal

Houston Public Media has an audio report on the status of the “$7 billion plan to remake I-45 from downtown to the north end of the Sam Houston Tollway. A recent report suggested the money could be better served by investing in public transit.” (One link replaced.)

Houston Metro Area Texas Texas Department of Transportation (TxDOT)


Charlotte, NC, Prepares for the Advent of Self-Driving Vehicles

Charlotte Agenda predicts that North Carolina will be an early adopter of AV transportation. It notes, “The Charlotte-based Centralina Council of Governments has already launched a series of meetings to plan for how self-driving car technology will impact transportation in the Charlotte region. Their current prediction: Charlotte roads will have a hearty mixture of traditional and self-driving cars in the 2020s. By the 2030s and 2040s, autonomous vehicles will be dominant.”

Charlotte, NC, Metro Region Intelligent Transportation Systems North Carolina Self-Driving Vehicles


NASTO Conference Topics Include Tolling and Mobility as a Service

The Delaware Department of Transportation is hosting the Northeast Association of State Transportation Officials’ 2019 Annual Conference in Wilmington through tomorrow. Topics scheduled for discussion include innovative tolling, drones, workforce development and mobility on demand.

Delaware Department of Transportation (DelDOT) ETC Systems Mobility as a Service (MaaS)


Fitch Rates PABs and Loans for Metro DC Express Lanes

Fitch Ratings announced that it expects to assign a ‘BBB’ rating to $264 million par amount of senior lien private activity bonds series 2019 issued by the Virginia Small Business Financing Authority on behalf of 95 Express Lanes, LLC, to fund the I-95 Fredericksburg extension project (Fredex). The PABs are expected to go on negotiated sale on or about July 15. Fitch said final ratings are contingent upon its receipt of some confirmatory documents and the final pricing of the bonds.

Fitch also affirmed ‘BBB’ ratings of the following 95 Express and 395 Express debt: $475 million of series 2012 and 2017 senior PABs; a $324 million TIFIA loan; and a $45 million Virginia Transportation Infrastructure Bank loan. The Rating Outlook on all debt is Stable.

95/395/495 Express Lanes (Washington, DC, Metro Area) Fitch Ratings Investment Ratings Transurban Virginia Virginia Department of Transportation (VDOT) Washington (DC) Metro Region