Virginia

Despite what they say is low unemployment in their states, four governors who spoke on a panel at the Milken Institute Global conference said job creation is their main priority.

Growth in the P3 market has been slow and fragmented so far, but it is positioned for rapid growth, Moody’s Investors Service says.

In the Southeast, pent-up need for capital and low interest rates translated into a five-year high for bond issuance in 2015.

Virginia planners determine that express toll lanes on Interstate 66 is best way to cut travel times.

Wilmington Trust hired Joy Holloway as a corporate trust relationship manager in the global capital markets division and will be based in the company's Richmond, Va., office.

Virginia Gov. Terry McAuliffe proposed a two-year budget for fiscal years 2017 and 2018 that includes a total of $2.84 billion in bond financing.

Virginia Gov. Terry McAuliffe said he will include $2.43 billion of bonds in his budget proposal for fiscal 2017 to finance capital projects.

Virginia Transportation Secretary Aubrey Layne opts for P3 financing of a $2.1 billion system of tolled express lanes.

Seven U.S. cities intend to dedicate 10% of their annual budgets toward resilience strategies under a worldwide program designed to fortify urban centers.

Existing P3 arrangement will be expanded by Virginia to include tolls on high-occupancy interstate highway lanes near Washington, D.C.

Virginia Gov. Terry McAuliffe plans to ask lawmakers for approval to issue up to $3.5 billion of bonds for capital needs, including transportation projects.

Virginia’s P3 project pipeline includes seven transportation-related projects that could be financed as public-private partnerships.

Virginia will consider the qualifications of six potential partners before making decision on $2.1 billion upgrade of I-66.

Faltering projects designed to boost the economy can expose municipalities to the perils of backing such ventures, Moody's Investors Service said in a commentary.

Virginia Gov. Terry McAuliffe told a legislative panel that a "reversal in fortune" positioned state revenues to outpace forecasts by substantial sums.

Virginia's proposed $2.1 billion project to reduce congestion on Interstate 66 can go ahead as a public-private partnership.

Issuers in the Southeast sold $41.56 billion of bonds in the first half of 2015, an 85% increase in year-over-year volume fueled by refundings and a slight uptick in new-money sales.

Within hours of the Obama Administration's release of the final Clean Power Plan on Monday, opponents vowed to take legal action to block the rule while others hailed the measure.

Virginia will eliminate tolls on two tunnels under construction with $78 million saved by cancelling a P3 road project.

The Virginia Tobacco Settlement Financing Corp. must dip into reserves to make interest payments this year, bondholders were told July 16.