Infrastructure

In a vote California officials said was key to the future of its ambitious high-speed passenger train project, the state Senate voted Friday to move forward with the line.

A U.S. appeals court will take up a lawsuit as early as October that attacks the financial backing of billions of bonds paying for the Washington Metrorail's Silver Line Extension to Dulles Airport.

Bond Dealers of America released a guide Thursday designed to help the group's members comply with recently-approved guidance from the Municipal Securities Rulemaking Board regarding what underwriters must disclose to muni bond issuers.

For states planning cash flows over the next two years, passage of the federal Highway Bill creates a positive scenario for grant anticipation revenue vehicles known as Garvees, according to ratings analysts.

President Obama will sign the compromise two-year, $105 billion highway bill at a White House ceremony on July 6.

The Loudoun County Board of Supervisors voted 5-4 to go ahead with the county's participation in the second phase of the Washington Metrorail's Silver Line extension, committing the county to an approximately $270 million share of the construction costs of the controversial and largely bond-financed project.

Gov. Andrew Cuomo said the recent passage of the $105 billion highway bill is a boost for the Tappan Zee Bridge replacement project because it includes an increase in funding for the TIFIA program.

Congress' $101.3 billion highway bill will advance the development of Interstate 69 between the border with Mexico and Texas seaports, state officials said.

Federal lawmakers approved a 27-month, $105 billion surface transportation bill Friday, protecting revenue streams crucial for state and local infrastructure financing despite the absence of municipal bond measures that had been sought by market advocates

The New York State Thruway Authority's $1.1 billion sale of general revenue bonds met high demand last week, despite being placed on negative outlook by credit rating agencies.