Infrastructure

Advancing a project long in the works, President Obama signed legislation last week allowing for construction of the St. Croix River bridge connecting Minnesota and Wisconsin by exempting the project from federal Wild and Scenic Rivers Act restrictions.

BRADENTON, Fla. — The Orlando-Orange County Expressway Authority in central Florida is extending the call date on all or a portion of $185.8 million of term bonds at the request of Citi.

Pennsylvania’s General Assembly has advanced to the Senate a bill requiring an annual financial and management audit of the Delaware River Joint Toll Bridge Commission by auditors in both the Keystone State and New Jersey.

A total of about $101 billion, plus increases for inflation, will be needed annually over the next 20 years from federal, state,and local governments to keep the highway system in its current state, the Department of Transportation said Friday.

WASHINGTON — The two-year, $109 billion highway bill that cleared the Senate Wednesday contained several provisions that would benefit or ease restrictions on municipal bonds, but market participants think they could come to nothing if the House insists on pursuing its own bill.

WASHINGTON — The Senate voted 74 to 22 on Wednesday to approve a two-year, $109 billion highway reauthorization bill that would increase the limit for bank-qualified bonds to $30 million from $10 million.

An end may be in sight for the two-year old bankruptcy of the Las Vegas Monorail Co., albeit at a steep price for bondholders.

WASHINGTON — The Senate narrowly approved a proposal to prohibit the use of private-activity bond financing on certain toll roads as they inched toward final passage of a two-year, $109 billion highway reauthorization bill Tuesday.

Faculty at Ohio State University last week voted against the administration’s plan to privatize its parking system.

The Minnesota Department of Transportation released a revised cost estimate of $626 million on building the St. Croix River Crossing bridge project.