Infrastructure

Construction costs for the Bayonne Bridge “Raise the Roadway” project have increased and the projected completion is now two years behind schedule, the Port Authority of New York and New Jersey announced.

Congressional negotiations over new revenues to support a multiyear highway bill could falter over push for higher annual transportation funding.

The Pennsylvania Department of Transportation's P3 office is accepting unsolicited proposals for transportation projects from the private sector.

Fitch Ratings has affirmed the AA-minus rating on Bay Area Toll Authority, Calif.’s approximately $5.7 billion outstanding senior lien toll bridge revenue bonds.

The Illinois budget stalemate has left Chicago on the hook to cover monthly payments to the trustee on its motor fuel tax bonds because state transfers are trapped without a fiscal 2016 budget.

Sen. James Inhofe, R-Okla., asks the House to move quickly on multiyear transportation bill to avoid disruptions this fall.

The Port Authority of New York and New Jersey has completed a $400 million modernization project at John F. Kennedy International Airport.

Infrastructure needs, pension funding and health-care benefits are most constraining to municipal budgets in 2015, the National League of Cities said in its annual survey on fiscal conditions.

In Chicago’s second dose of good airport credit news, Standard & Poor's on Tuesday raised O’Hare International Airport’s ratings by one level as the city heads into the market next week with $2 billion of mostly refunding debt.

Arizona will have about a third of the money it needs to maintain roads and bridges over the next 25 years, according to the state auditor.