Daily News Briefs, May 5, 2020

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Fluor-Balfour Beatty JV Starts $1.74 Billion DFW Widening Project

Equipment World’s Better Roads reports on Pegasus Link Constructors’ kick off of the $1.74 billion, 635 East Project for TxDOT in Dallas-Fort Worth. When work is completed in 2024, the interstate will have two new general purpose lanes (for a total of 10), and its two HOT lanes will become TEXpress managed toll lanes. The article notes, “This marks the second large highway project for the area this spring. Construction on the fourth phase of the $2 billion extension of the Dallas North Tollway began in March.”

Dallas-Ft. Worth Metro Region (DFW) Express Lanes Fluor Corporation Texas Texas Department of Transportation (TxDOT)


MTA Tests the Waters With a $700 Million Bond Offering Today

The Bond Buyer subscription required) reports, “The New York Metropolitan Transportation Authority, recently downgraded, is expected to hit the market [today] with a bond offering north of $700 million, providing a litmus test to a trepidatious market as to its appetite for recovery and willingness to absorb risky debt.” An unnamed trader tells the newspaper, “The structures of these deals is becoming difficult in that what the issuer wants — longer-dated paper — is different from what the market, the investor wants, and that is security in 10 years they’ll have an income.” (Link inserted by TRN.)

Highway-Tunnel-Bridge Safety (Includes COVID-19 Impacts) Investment Ratings Metropolitan Transportation Authority (MTA) New York New York City


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

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