Infrastructure

President-elect Trump has named former Labor Secretary Elaine Chao as his secretary of transportation.

WASHINGTON – Capping the tax exemption for municipal bonds over a nine-year period would have cost state and local governments roughly $175 billion in additional borrowing costs, while a full repeal would have cost them nearly $500 billion more, state and local officials warned Tuesday.

Ranking Democrats on House Transportation Committee seek full road funding boost promised for 2017.

Joining the crowd of borrowers, the Minneapolis-St. Paul Metropolitan Airports Commission plans a $438 million deal next week, marking its first new money sale in four years.

A request for state Supreme Court validation on $420 million of toll revenue bonds has sidelined the Oklahoma Turnpike Authority deal as rates rose in post-election investor uncertainty.

Climate Bonds Initiative CEO Sean Kidney, in a spirited chat from London with northeast regional editor Paul Burton, charts the landscape for the U.S. municipal green bond issuance.

Federal judge continues to block Maryland’s $5.6 billion Purple Line P3 rail project over ridership worries.

Lawmakers skeptical of tax credits and private investments want details of Trump’s infrastructure proposal.

As New York MTA faces another stretch of uncertainty, a faction within its board is calling for reduced fare for lower-income riders.

State legislators and highway officials will grapple with transportation funding proposals in 2017.