Transportation Secretary John D. Porcari announced last week that the state would begin an inspection of all of the state’s 10 truss bridges, which are the same design as the Interstate 35 bridge that collapsed Wednesday in Minneapolis. Bridges in Maryland are inspected at least once every two years and some major crossings, such as the Chesapeake Bay Bridge, are inspected once each year, the State Highway Administration said. The bridge is one of the 10 crossings that will be inspected as a result of the I-35 collapse. The bay bridge’s dual spans, which have portions that are deck truss designs, provide a direct connection between Maryland's Eastern Shore and Baltimore, Annapolis, and Washington, D.C. At a press conference Thursday, Porcari stressed that his transportation team will be following the investigation in Minneapolis very closely to determine if any modifications to the construction, maintenance, operation, or bridge inspection program in Maryland are warranted. “Maryland’s highways and bridges are safe,” Porcari said. “However, we will be relentless in our efforts to improve our practices where we can and learn whatever lessons the tragedy in Minneapolis may offer.” His comments came a day after at least five people were killed and 79 injured when the bridge dropped more than 60 feet into the Mississippi River on Wednesday. The National Transportation Safety Board has launched an investigation to determine the cause of the bridge failure.Gov. Martin O’Malley echoed Porcari’s comments. “As we continue to feel concern for the individuals and families affected by this tragic incident, it is important for Marylanders to be reassured that our state transportation infrastructure is safe,” O’Malley said. “The rigorous inspection protocols and aggressive rehabilitation programs practiced in Maryland exceed the standards set by the federal government. Public safety is our top priority. We need to continue to invest in our transportation system to ensure its integrity into the future.”
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The average weekly issuance is at least $10 billion, said John Flahive, head of investment solutions and co-head of municipal bonds at Insight Investment.
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The ratings agency cited low days cash on hand and operating losses at the system, which operates one of the leading academic medical centers in Kentucky.
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The longer the shutdown of many federal government operations lasts, the worse it becomes for cities, states and other bond-issuing entities.
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The county awarded $215 million of general obligation limited tax bonds for a jail project with uncertain future funding to lowest bidder BofA Securities.
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The Howard Jarvis Taxpayers Association appealed to California's high court in a case challenging San Jose's plans to issue pension obligation bonds.
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Bondholders say the insurers reneged on the bond insurance terms, which both firms deny in filings for the case, filed six years after the COFINA restucturing.
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