Infrastructure

The Puerto Rico Highways and Transportation Authority may default as soon as next week, El Nuevo Dia newspaper reports a Puerto Rico government official as saying.

A new U.S. Conference of Mayors report shows that local governments have spent big on water and wastewater infrastructure, but worries that rising costs of water service and increased long-term debt might make increased investment unsustainable for some communities.

Hawaii State legislators killed a bill that would have reduced the state's take of a surcharge designated to pay the costs of a $5.2 billion elevated rail now under construction in Honolulu, according to the Honolulu Star Advertiser.

The Los Angeles City Council approved a $4.76 billion Los Angeles International Airport plan to move the northernmost runway closer to homes in Westchester and Playa del Rey.

Wednesday marked the deadline for companies interested in developing a pair of major rail projects under Maryland's new public-private partnership law, and the private sector is jumping at the chance.

New York's MTA named veteran transit manager Joseph Leader senior vice president for its department of subways, succeeding the promoted Carmen Bianco.

Louisiana will avoid $110 million in swap termination penalties with a $303.1 million refunding on May 16 approved by the State Bond Commission.

A judge ruled last week that several Kansas City, Mo. business owners behind a lawsuit challenging the legality of the funding mechanism for the city's proposed $102 million, two-mile downtown streetcar line don’t have to file a bond to proceed with their appeal.

With new competition fast approaching, Dallas-Fort Worth International Airport is returning to the debt market to price $367 million of revenue bonds for its terminal renewal and improvement program.

The U.S. faces several significant challenges in the water and wastewater sectors including aging infrastructure, a water supply-demand imbalance and an unsustainable funding gap, a new Ernst and Young report found.