Infrastructure

The Federal Highway Administration has given final environmental approval to Georgia's $1 billion Northwest Corridor project paving the way for work the 30-mile congestion reliever for the Atlanta region.

In a move showing that Garvees, like Build America Bonds, are subject to the risk of federal offsets, the U.S. government has reduced transportation funds backing Puerto Rico's Garvees to make up for the Commonwealth's failure to pay money owed to a federal agency for river projects.

New York's MTA will begin its $500 million sale of Series 2013C transportation revenue bonds with a retail order period Wednesday, with JPMorgan as lead manager.

Chicago is seeking to reduce the size of the $58 million award an independent arbitration panel ruled the city owes private operators of four downtown city and park district-owned parking garages.

A majority of investors holding $113 million of bonds issued for the privately owned and operated Branson Airport in Missouri have agreed to give the struggling Ozarks air field more breathing room to bolster operations.

Atlanta-area businesses agreed to tax themselves to secure $10 million in bond financing to help reconstruct one of the region's busiest and most congested interchanges.

Indiana Thursday put out a request for qualifications seeking developers interested in a $400 million project to rebuild a section of I-69, the latest in a series of P3s that state officials say make them a leader in the sector.

The Los Angeles County Metropolitan Agency will be seeking approval from its board in June on borrowing totaling $10.2 billion through 2026 to complete the rail transit network.

Rep. John Delaney, D-Md., has introduced a bipartisan bill that would create an American Infrastructure Fund to provide loans and loan guarantees to state and local governments to help finance certain infrastructure projects.

Soaring gasoline prices are the result of price increases for crude oil, not federal and state gas taxes, which must be raised to help pay for transportation infrastructure improvements, the Institute of Taxation and Economic Policy said in a recently released paper.