Infrastructure

The $652 million harbor dredging project for the Port of Savannah, Ga. cleared a major hurdle when the U.S. Army Corps of Engineers signed the Record of Decision approving the project.

Hurricane Sandy left the best laid capital plans of New York-area transportation agencies in shambles, hitting the Metropolitan Transportation Agency the hardest, flooding tunnels, subway lines and rendering most rail services in New York and New Jersey inoperable.

A $1.3 billion network of bond-financed highways linking major cities in Arkansas would enhance the state’s economy and quality of life, proponents said Tuesday.

As the Southeast's economy slowly begins to thaw, measures on the Nov. 6 ballot reflect both fiscal conservatism and pent-up demand for education and transportation needs.

Though they can often deliver infrastructure projects faster and at lower cost than traditional procurement, P3s are not a silver bullet and not always the right way to go, according to a new white paper released by the National Council for Public-Private Partnerships.

Several Virginia municipalities have retained legal counsel to fight Gov. Bob McDonnell's plan to toll Interstate 95, which commonwealth officials have said could help close a $10 billion funding gap over the next 25 years.

Dallas Area Rapid Transit will close out its commercial paper program with Bank of America by issuing $128.3 million of sales-tax revenue bonds in a deal postponed due to the storm on the East Coast.

Chesapeake, Va.'s triple-B rated toll bridge deal last Wednesday saw investors chasing yield and oversubscribing the $151 million deal by more than 12 times.

More than half of those polled by the University of Arkansas in a recent telephone survey favor a proposed sales tax increase to support $1.3 billion of state highway revenue bonds.

House Appropriations Chair Hal Rogers asked Treasury Secretary Tim Geithner to help eliminate rules requiring municipalities to defease outstanding bonds when selling or leasing their water systems to a private company.