Infrastructure

Five consortiums have submitted statements of qualification for the Pennsylvania Department of Transportation's rapid bridge replacement P3 project.

Conservative financial structure of grant anticipation revenue bonds will buffer their credit ratings if federal highway funds drop in fiscal 2015, Standard & Poor's predicts.

Cincinnati Mayor John Cranley unveiled a plan for the municipal parking system that would keep the asset under city control as an alternative to a controversial proposal to lease it to the local port authority for an upfront cash payment.

Four consortiums whose members include top firms in the public-private partnership industry compete for Florida’s $2.4 billion “I-4 Ultimate Project.”

Sen. Ron Wyden, the new chair of the Senate Finance Committee, has recently voiced some ideas that would favor the municipal bond market, such as extending bond-related and other expiring tax provisions and reinstating Build America Bonds. But the Oregon Democrat's past actions, such as sponsoring legislation that would favor tax-credit over tax-exempt bonds, have posed threats to the muni market.

A gradual economic recovery helped the credits of municipal bond issuers in 2013, Fitch Ratings said Wednesday, with the agency reporting that the past year witnessed fewer downgrades and more upgrades than 2012.

A Senate committee was warned Wednesday that the looming insolvency of the federal Highway Trust Fund could shut down transportation projects across the county.

Dallas-Fort Worth International Airport plans to refund $200 million of revenue bonds as it continues its $2.3 billion terminal remodeling project.

An applicant who once wanted to be the Orlando-Orange County Expressway Authority's new director alleges the agency committed to projects that will cause a deficit.

New Mexico plans to offer $75 million of transportation revenue bonds for projects around the state.