Infrastructure

Quincy officials say they are getting out front of a state directive for full local funding by 2037.

Mayhew structured the bond program that funded a multi-billion dollar bridge construction program and steered it through recession and pandemic.

County executives said they need to protect against flooding, sea level rise, erosion and other climate change-related damage.

The National Association of Counties, which has been a chief supporter of the measure, said it would renew its push in the new year.

Owner Fortress Investment Group can sell short-term debt with proceeds escrowed until the Florida conduit issuer OKs its remarketing as long-term debt.

The measure would allow issuers to tap unused pandemic aid for transportation, infrastructure and disaster aid relief.

The port's operating revenue will continue to recover, enabling it to return to a total net revenue debt service coverage ratio of 1.75 times by 2023, the rating agency said.

Revenues from the Bay Area Toll Authority's seven bridges are recovering more slowly than many other U.S. toll roads, but it enjoys strong credit fundamentals.

With the ink drying on the new Infrastructure Investment and Jobs Act, eyes now turn to the implementation of one of the largest infrastructure programs in American history.

Analysts project a positive outlook for toll roads in 2022, expecting median tolled traffic and revenue growth at 2% and 4%, respectively.