Infrastructure News from Bond Buyer

A fatal crash and closure at New York's LaGuardia Airport adds to the list of transportation hurdles that includes a jump in jet fuel prices, and travel delays due to a lapse in TSA funding.

Congressional leaders are plotting out plans to land the surface transportation reauthorization before a September deadline.

With total costs for replacement soaring $15.2 billion, the $7.65 billion of core projects will be prioritized, Washington and Oregon governors said.

Caught in the crosshairs of Trump's war on wind power, Revolution Wind fought two legal battles to continue its construction.

The commission will oversee procurement after a previous bid faced litigation and allegations of conflicts of interest.

Two courts affirmed the federal government's obligation to fund the Gateway project. 

The authority would own and oversee a $3 billion partly bond-financed domed stadium for the NFL's Kansas City Chiefs.

Allowing tax-exempt bonds to remain outstanding during a long-term concession would lower financing costs, advocates say.

The state says the $6.5 billion project is not possible without toll revenue.

As fuel prices ratchet up due to the Iran war, two states are already exploring suspending their fuel tax which would take a bite out of tax revenue and possibly lead to future bond sales.

The rules could lengthen the procurement timeline for some projects.

Such a bank would be a "revolving financing tool that allows us to stretch dollars further, leverage federal programs without surrendering control, and deliver more projects without raising taxes," Gov. Jeff Landry said. 

The New York Metropolitan Transportation Authority says it has shaved more than $4 billion off construction costs in five years.

Brightline asked S&P to withdraw its rating after the latest downgrade.

The New Jersey Turnpike Authority will build a bridge half the size it once planned, providing budgetary savings of $4 billion. 

As the next surface transportation reauthorization bill takes form in Congress, the transit sector is making a case for its slice of the pie and expanding the use of private activity bonds.

The federal government's attempt to end congestion pricing has been thwarted. Other challenges to the program remain.

The California High-Speed Rail Authority's draft business plan was met with a mixture of cautious optimism and sharp criticism.

The Vermont Bond Bank debuts a new indenture when it sells $56 million of bonds this week. It's following a nationwide trend in bond bank structures. 

Brightline West told investors it is pursuing a $4 billion senior loan from a banking consortium and simultaneously working toward the $6 billion federal loan.