Pennsylvania

The new law kills tolling for the Major Bridge program but allows the P3 contract to remain in place.

The condition of infrastructure projects should be included in bond pricing metrics as many infrastructure assets around the country have turned into liabilities.

Fitch Ratings said the upgrade reflects the city's improved operating performance due to a robust tax revenue rebound and management's proactive budgetary actions.

Hosting a World Cup game brings a variety of economic benefits to cities and counties, from increased spending by fans and tourists from around the world to burnishing a region's reputation.

The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.

The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.

Using a surplus to build reserve levels was key for the outlook change, the rating agency said.

After dropping dramatically with the onset of the COVID-19 pandemic in 2020, energy severance tax revenue is soaring along with oil and gas prices.

The twice-annual call for unsolicited proposals is part of what the state dubs one of the most ambitious P3 transportation programs in the country.

Even deals that go bankrupt can be seen as successes in the U.S. P3 market, which may face an "inflection point" with the new infrastructure law.