Caitlin Devitt

California's high-speed train is "facing a lot of the challenges that come with being the very first at anything," said Transportation Secretary Pete Buttigieg.

It's the second try for the bill, which Sen. Dick Durbin, D-Ill., first introduced in 2021.

Republicans have repeatedly criticized the California high-speed rail project as a waste of taxpayer money.

Cities and states are eligible to apply for the program, which gives eligible solar and wind facilities in low-income areas increased investment tax credits of 10% or 20%.

The delays have led to a technical default by the design-build contractor on the $450 million project to design, finance, build, operate and maintain the Thruway's 27 service areas.

Moody's, which last rated the state triple-A in 1979, pointed to an economy that's "poised for diversification and growth."

A significant chunk of the costs will be passed to ratepayers, experts said.

The White House is set to announce whether the controversial high-speed project will win a major rail grant by the end of the year.

The city may also issue an RFP for underwriters, though the timing is not set, said CFO Jill Jaworski.

The project was to have been the first small modular reactor technology in the U.S.

States are required to reduce vehicle-related greenhouse gas emissions under the rule that was finalized last week.

Well-known municipal restructuring and P3 attorney Karol Denniston, the Global Projects Partner at Squire Patton Boggs, talks with infrastructure reporter Caitlin Devitt about the growing popularity of predevelopment agreements as well as the P3 pipeline and legal challenges like the University of Iowa's litigation over its 50-year energy concession. (38 minutes)

The retirement proposal also attempts to clarify the definition of riskless transactions, which are common in the muni market.

The projects range from airports to ports and transit-oriented development.

Bennett joins the university as associate vice president of finance under CFO Ivan Samstein, former Cook County CFO.

The firm plans to launch a pair of high-yield muni funds in January.

Stabilizing the Highway Trust Fund and easing Buy America requirements are top congressional priorities for state transportation officials.

The time between the announcement of an award and the actual cash going out the door can be frustratingly long.

Republican criticism over the bill's 64% cut to Amtrak prompted GOP leadership to tap the brakes on the bill late Tuesday.

The deal marks one of the rare instances of true asset recycling in the U.S.