Infrastructure

A $3.3 billion project to expand a subsea tunnel system at Hampton Roads, Va., will be financed with a combination of bonds, toll revenue, and gas tax revenue under a plan approved a regional planning agency.

The Illinois State Toll Highway Authority's proposed 2017 budget calls for nearly $1 billion in capital spending supported by $300 million in toll-backed borrowing.

Virginia road planners will evaluate local requests for $9 billion of state funding.

Chicago heads into the market next week with nearly $1.1 billion of O’Hare International Airport paper -- one of the city’s more digestible revenue-backed credits generally insulated from the city’s pension and budget ills.

Two groups submit acceptable financial plans for Virginia’s $2 billion P3 plan to expand I-66.

Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.

Chicago’s motor fuel bonds and a Transportation Infrastructure and Innovation Act loan fell a notch Tuesday as S&P Global Ratings’ moved the ratings down in tandem with its recent downgrade of the state’s general obligation rating.

The Transportation Department fast-tracked the Hudson Tunnel replacement portion of the $24 billion Gateway Program.

New Jersey’s 23-cent gas tax hike, and its offsetting tax cuts in other areas, will help the state’s current 2017 operating budget at the expense of raising budgetary pressure for 2018 and beyond, according to S&P Global Ratings.

Education is potentially the most important public service to suffer from the $1.7 trillion pension funding crisis, said a Manhattan Institute report.