Virginia

Federal FASTLANE grants totaling $800 million go to 18 road and rail projects aimed at easing congestion.

Virginia is seeking a $200 million federal grant to help fund its $1.4 billion Atlantic Gateway mobility effort.

Buena Vista, Va., was sued by bond insurer ACA Financial Guarantee Corp., which says the city breached its forbearance agreement and stopped making “moral obligation” payments on bonds issued to construct a golf course.

Virginia’s Commonwealth Transportation Board used objective criteria to develop a six-year, $14.4 billion transportation plan.

Virginia plans to borrow $2.24 billion to finance a wide variety of state and higher education projects, according to a bill signed by Gov. Terry McAuliffe on Friday.

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.