Infrastructure

The federal government extended All Aboard Florida’s $1.75 billion private activity bond allocation, relieving pressure on the private train owner to issue the bonds as legal challenges proceed.

The Senate Environment and Public Works Committee adopted a six-year highway bill with a 4.6% boost in federal funding.

Further delays in obtaining a five-year capital plan could mean even more delays for the East Side Access project to bring the Long Island Rail Road to Grand Central, said New York MTA Chairman Thomas Prendergast.

Modern transportation infrastructure is a critical building block to ensure that the US economy is in a position for long term growth and prosperity.

Moody’s Investors Service has revised its outlook on Kansas City, Missouri’s Airport Enterprise ratings to positive thanks to recent revenue and traffic growth.

The Senate Environment and Public Work Committee’s six-year transportation proposal would provide about $43 billion a year of federal highway funding.

New York State is releasing $75 million to accelerate resurfacing projects on roads that suffered widespread damage from a harsh winter season, Gov. Andrew Cuomo announced.

The finance committee of New York's MTA approved a motion to authorize the use of variable rate refunding bonds in connection with targeted refunding bonds.

New York MTA board member Allen Cappelli proposed adding $30 million to the authority’s budget to restore more services that were cut in 2010.

Sen. Mark Warner, D-Va., introduced legislation that would create a national infrastructure bank that could provide direct loans and loan guarantees to facilitate infrastructure projects of regional or national significance. The bill would also increase the national volume cap for tax-exempt private-activity bonds for qualified highway or surface freight transfer facilities to $16 billion from $15 billion.