Infrastructure

President Trump’s nominee for Treasury Secretary Steven Mnuchin told lawmakers in writing that he plans to “enhance” private activity bonds so that they can be used to encourage more private investment in infrastructure projects.

New York’s Metropolitan Transportation Authority board switched tracks and shielded single-fare riders from the latest round of biennial fare and toll increases.

States have more than 300 infrastructure projects they say could be funded by President Trump’s program.

A 10-year infrastructure proposal from Senate Democrats would provide $1 trillion of federal funding for roads, schools, and airports.

New York MTA retired $945 million of debt from its core portfolio last year through normal amortization, said deputy finance director Olga Chernat.

New York’s Metropolitan Transportation Authority expects to issue more environmental green bonds in 2017, a finance official told board members.

Arlington Memorial Bridge was closed to vehicles during inaugural weekend to prevent further damage to the historic span.

Airports, high-speed rail, and roads, particularly in dense metropolitan areas, could be particularly appealing targets.

States are expected to issue more road debt as federal transportation funding continues to stagnate.

The Bay Area Toll Authority is set to sell $450 million of bonds Jan. 26 to fund capital projects and refund outstanding debt.