Infrastructure

William Glasgall of the Volcker Alliance talks about the future of mass transportation across the U.S. as federal pandemic aid nears an end. Thomas Nocera hosts. (21 minutes)

Air travel and airport bond ratings are showing strong recovery, data shows, with international passenger travel leading the surge.

The 50-year concession will rebuild the aging Calcasieu Bridge, and impose the first tolls on Interstate 10.

The revenue bonds were issued through the California Municipal Finance Authority on behalf of LAX Integrated Express Solutions, the P3 project developer.

The turnpike authority will now seek reapproval from the Oklahoma Council of Bond Oversight before it can head to the municipal bond market.

"We believe that the most effective project delivery happens before your project even begins," said DOT Volpe Center Director Anne Aylward.

A Senate Budget Committee hearing Wednesday examined the fiscal consequences of preparing infrastructure for climate change.

The organization's first ever recommended best practices for State Revolving Funds will be available for public comment through Sept. 30.

The puzzling accounting discrepancy, which dates to 2005, threatened to lead to the rescission of $3.5 billion of contract authority for state departments of transportation.

The bill will move onto the Senate in hopes of reaching President Biden's desk before the current Federal Aviation Administration authorization expires on Sept. 30.