Infrastructure

S&P Global Ratings lowered the Port Authority’s special project bonds issued of behalf of JFK International Air Terminal LLC to BBB from BBB-plus.

The bi-state agency can apply to use the Federal Reserve’s Municipal Liquidity Facility, if it chooses.

Maine is planning a $119.4 million bond sale this week to improve roads, broadband, senior housing and public colleges.

The transportation agency plans a refinancing to combat lost revenue from steep traffic declines during the COVID-19 pandemic.

Philip Plotch of St. Peter's University discusses his book, "Last Subway," about the decades-long tussle to complete the New York megaproject. Paul Burton hosts.

Without federal funding, many toll facilities will be forced to comply with bond covenant requirements, which could mean reductions in workforces and delays in capital projects, toll groups said.

The Fourth Circuit Court of Appeals found the state improperly valued CSX's land.

Denver International Airport plans to apply up to $560 million of existing bond funds to accelerate a gate construction project.

Investors, while confident long-term about the transit authority, worry about immediate risks, Chairman Patrick Foye said in a letter.

The agency has lost substantial revenue from plummeting ridership and faces rising COVID-19-related expenses.