Infrastructure

House Transportation and Infrastructure Committee leaders have introduced a bill that would extend transportation funding through Dec. 4 to give House and Senate conferees time to negotiate a multiyear measure.

The Wyoming Department of Transportation says it needs an additional $62 million per year to maintain its roads and bridges, even as a recent report concludes that the state faces a sharp drop in revenue due to a weak oil and gas market.

The Southeastern Pennsylvania Transportation Authority has opened its first new regional station in nearly 20 years as part of a public private partnership.

New York MTA plans $700 million of new-money transportation revenue bond anticipation notes and a $43.8 million remarketing next month, said finance manager Patrick McCoy.

A consortium of Canadian pension funds will take over the lease rights to the Chicago Skyway toll road for $2.8 billion.

Federal, state and New York City officials met with MTA Chairman Thomas Prendergast to discuss how to fast-track Second Avenue subway line extension to Harlem.

Virginia Gov. Terry McAuliffe plans to ask lawmakers for approval to issue up to $3.5 billion of bonds for capital needs, including transportation projects.

New York and New Jersey announced a deal to allow a long-stalled Amtrak tail runnel project between New York and New Jersey to move full steam ahead.

The Federal Transit Administration estimates that more than $131 billion will be needed for transit systems in poor and marginal condition, including almost $86 billion to replace infrastructure that has already exceeded its useful life, Moody’s Investment Service said in a report issued on Thursday.

As many communities struggle, the capital necessary for investment may be hidden in plain sight with community development finance institutions.