Infrastructure

The planned Sites Reservoir project in California faces financial uncertainty as officials await a regulatory decision about its usable water supply.

The Oklahoma Council of Bond Oversight approved up to $2.9 billion of bonds to continue financing of a turnpike expansion program and to refund outstanding debt.

The California High-Speed Rail Authority and the High Desert Corridor Joint Powers Agency will cooperate, notably on the station where they plan to connect.

New leadership and private capital are part of the strategy to push the high-speed rail project to its overdue completion.

Congress should also eliminate the mass transit account from the Highway Trust Fund, and consolidate all federal fuel tax revenues into the HTF, the USDOT proposed.

The Texas city's $943.9 million airport revenue bond issue will provide long-term financing for an expansion plan and refund some outstanding debt.

While the surface transportation reauthorization lumbers through Congress and IIJA funds starting to sunset, some states are tapping pooled bond funds and relying on independent financing authorities.

Action on a surface transportation bill, however, is likely to be delayed until September.

The Senate Environment and Public Works Committee released a bipartisan agreement on the Water Resource Development Act, a positive step toward answering questions about state revolving funds used by local water authorities for infrastructure improvements.

The Build America Bureau "continues to work with the project sponsor to obtain the information required for the creditworthiness review," said a USDOT spokesperson.