Infrastructure

Indiana embarks on its first public-private partnership that is structured with availability payments next week as it borrows $641 million of private activity bonds for its half of the $2.6 billion, bi-state Ohio River Bridges project.

The American Association of State Highway and Transportation Officials expressed dismay Monday over a House bill for a continuing resolution to fund the U.S. government.

Build America Bond payments will be delayed by up to six weeks and they will be cut by $171 million due to the automatic spending cuts that went into effect on Friday, according to the Office of Management and Budget.

Moody's Investors Service has given its stamp of approval to Virginia's new transportation funding plan, saying that it is a credit positive for the commonwealth at a time when it is highly exposed to risk from federal cuts.

The Illinois State Toll Highway Authority board has approved refunding up to $1 billion of debt in a deal led by Goldman Sachs and Jefferies & Co. and assigned Morgan Stanley the lead spot on a future new-money deal that may tap the TIFIA program.

Amid finger-pointing and political grandstanding, President Obama and congressional leaders failed to come to an agreement to avoid $85 billion in sweeping automatic budget cuts, which kicks in on Friday.

Moody's Investors Service has downgraded Portland Airport Enterprise's general airport revenue bonds to Baa1 from A3.

The Texas Department of Transportation will tap revenues from a high-speed tollway bypassing Austin to add tolled lanes to the city's airport.

Congressional staffers and finance experts speaking at the American Association of State Highway and Transportation Officials Washington Briefing said the outlook for highway funding is more uncertain than ever, while two transport-oriented lawmakers vowed to work across the aisle to make sure state and local officials have federal support.

The Washington State Department of Transportation said its mistakes in the design of the new Highway 520 floating bridge will costs tens of millions of dollars and delay construction.