Infrastructure

On the state P3 front, PennDOT aims to complete a review of a proposed $5 billion toll lane project next year.

The House Appropriations Committee approved the fiscal year 2027 Transportation, Housing and Urban Development and Related Agencies last week by a vote of 34 to 27.

The revenue bonds would continue financing for a 15-year, $8.2 billion program to widen existing toll roads and build new ones.

The six-month pre-development agreement is the first step toward a larger public-private partnership to help deliver the struggling bullet train.

The rating agency cited improving financial metrics and the port's importance to the regional economy.

A convention center, a wastewater treatment plant expansion, and a light rail system are among projects in the city that include bond financing.

Reason's latest transportation finance report lays out barriers to U.S. pension funds investing in infrastructure and the P3 pipeline.

The Trump administration and several states are leaning into public private partnerships as the idea of inviting private investment into public infrastructure gains more acceptance.

Supporters of a proposed Major League Baseball expansion team in Sacramento announced funding plans during a Thursday press briefing.

Research from The Bond Buyer finds that political will is the strongest impediment or asset to the growth of P3 activity across the U.S.