Daily News Briefs, May 14, 2020

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Florida DOT Schools M-CORES Task Force On Emerging Technologies

The News-Press reports, Florida DOT staff and consultants yesterday briefed the Southwest-Central Florida Connector task force on emerging transportation technologies and the potential for their incorporation into the proposed M-CORES toll roads. The article adds that the public comment period of the group’s virtual meeting was dominated by project opponents, and “[e]ven task force members, again, questioned the need for the road.”

Florida Florida Department of Transportation (FDOT) Florida DOT M-CORES Program Florida's Turnpike Enterprise (FTE) Intelligent Transportation Systems Self-Driving Vehicles V2X and V2V Technology

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Investors' Perception Of MTA's Role In Economic Recovery Boosted Bonds Sale

Bloomberg reports, “The $1.1 billion of debt sold last week by New York’s Metropolitan Transportation Authority rallied as some investors view the largest U.S. mass-transit system as a key part of the city’s economic recovery from the coronavirus pandemic.” The article adds, “Investors are looking past the headlines and focusing on MTA’s vital role in getting residents around the New York City region, said Dora Lee, director of research at Belle Haven Investments, which holds the agency’s debt. . . . ‘There are inherent strengths to the MTA such as its essentiality to the economy and recovery,’ Lee said. ‘The federal aid in the first CARES Act certainly affirmed its essentially in just providing transportation to front line workers.’”

Company and Agency Financials Infrastructure Investment Trends Metropolitan Transportation Authority (MTA) New York New York City

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Report: Pandemic Concerns Interrupt Planned Canadian Investments in Indian Infrastructure

Livemint reports, two major Canadian pension fund management firms have stopped some planned infrastructure investments in India in order to “evaluate the impact of covid-19 on businesses in Asia’s third-largest economy.” Sources tell Livemint the purchase of a portfolio of seven toll roads by Quebec’s Caisse de dépôt is one of the suspended transactions. The article states, “A pause in investments by these major pension funds reflects a mood of risk aversion among institutional investors, which are now focusing more on protecting their existing investments instead of making more capital commitments.”

Canada Canada Pension Plan Investment Board (CPPIB) Highway and Bridge Safety India Infrastructure Investment Trends

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These are just some of the toll industry developments TRN is following.

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