Maryland

Maryland Stadium Authority received an AA grade from Fitch Ratings for $320 million of Baltimore City Public Schools construction and revitalization program revenue bonds scheduled to be issued later this month.

The Maryland Board of Public Works on Wednesday approved a $5.6 billion, 36-year contract with a consortium of companies to design, build, operate and maintain a 16.2 mile light rail line that will link two counties in Maryland as well as connect to Amtrak, MARC and local bus services.

Private investors in Maryland’s multi-billion dollar Purple Line P3 rail project will finance their share of construction with a federal loan and private-activity bonds.

Maryland has selected its preferred private partner for the multi-billion dollar Purple Line light rail project, Gov. Larry Hogan said Wednesday.

Issuers in the Northeast sold $102.9 billion of municipal bonds in 2015, almost 9% above the previous year's volume.

Proposal by Democratic leaders in the Maryland General Assembly would restrict governor's authority to allocate transportation project funding.

Four potential private partners have submitted financial proposals for Maryland’s $2.16 billion Purple Line light-rail project.

Maryland gets $27.9 million grant to study a 40-mile magnetic levitation train route expected to cost $10 billion.

Two Maryland counties have committed another $60 million to help fund the proposed $2 billion Purple Line P3 light-rail project.

Issuers in the Northeast sold $54.2 billion of municipal bonds in the first half of 2015 rising 26% compared to the first six months of 2014.