Infrastructure

Sen. Chuck Schumer explains why Gateway project is important for New York and New Jersey.

The new governor included the fuel tax in his budget plan, which would spend $83.4 billion over the next two-year budget cycle.

Trump has threatened to divert $3.6 billion of military construction funds to pay for a border wall.

The announcement of a congestion pricing plan and passage of fare and toll hikes reflects favorably on the authority, Moody's says.

Many airports are at their maximum bonding ability using the revenue stream from the current PFC levy, according to the Airports Council International-North America.

The Florida Development Finance Corp. has also changed the date and location of the meeting where it will decide if it will approve the bonds.

DeFazio, who chairs the House Transportation Committee, said he has also recommended the White House examine a new form of infrastructure bonding.

New York Gov. Andrew Cuomo and Mayor Bill de Blasio packaged their support of the Manhattan toll plan with a blueprint to overhaul the embattled transit authority.

As Albany enters the budget homestretch, debate over congestion pricing and other measures to bolster mass transit in the New York City region is intensifying.

The Ohio department of transportation said it faces a funding gap of about $1 billion annually over the next 11 years.