Infrastructure

One of the largest P3s in the university energy space has landed in court three years into a 50-year contract.

"What are our options? You either pick these banks or you don't. If you don't, business shuts down. We stop building infrastructure," said state Treasurer John Schroder, the bond commission chair.

While the system took a hit during the COVID-19 pandemic, total traffic hit 94% of pre-pandemic levels in 2022. Traffic for the first two months of 2023 was 99% of levels in the same period of 2019.

"We know this cliff is coming," said state Sen. Ram Villivalam, head of the state Senate transportation committee. "What structural reforms are we looking at implementing? What innovation can we pursue?"

A default would halt federal payments and could delay key infrastructure projects

Secretary of Transportation Pete Buttigieg appeared before the House Appropriations Committee to warn of serious consequences of budget cuts.

The $3.3 billion Transportation Modernization act allows for P3s for roadway development, a first for the state.

The FAA reauthorization bill is a big-ticket transportation item facing Congress this year.

It's unrealistic to ask transit agencies, even financially stables ones, to solve larger social problems like homelessness or inequity, says an expert.

President Biden has vetoed the recent congressional resolution that would have overturned protections provided by EPA's clean water rule.