Biden Administration

GOP House bills feature spending cuts and some policy riders, including a provision in the Transportation and Housing draft bill that bans congestion pricing in New York.

Work is expected to be completed in 2038 and ultimately provide four rail tunnels for Amtrak and NJ Transit trains between New York and New Jersey.

The environmental clearance marks a regulatory milestone, but major funding shortfalls remain.

The request is part of the White House's larger funding request from Congress to cover disaster needs from tornados to wildfires.

Washington state won the most amount of grants and the most in funding for the second year in a row.

A pair of infrastructure experts are proposing a $25 billion federal appropriation to create state bond banks across the country.

While the muni market lobbies for its wish list, investors keep in mind that any tax rate changes affect appetite and market technicals.

Restoring tax-exempt advance-refunding remains a top legislative priority.

Recognizing the formidable construction challenges, the White House has created a Nuclear Power Project Management and Delivery working group "to help identify opportunities to proactively mitigate sources of cost and schedule overrun risk."

Fifteen years after a $9.9 billion bond issue that was to finance a substantial portion of a new high-speed rail line across California, the proposal "has become one of the most troubled megaprojects in the nation," said Sen. Ted Cruz, R-Texas, and Rep. Sam Graves, R-Mo.

"It's getting frantic out there," when it comes to competitive grants and drumming up local matches, said William Murdock, executive director of the Mid-Ohio Regional Planning Commission, speaking at a local government event during Infrastructure Week in Washington, D.C.

The ASCE in a report analyzing future infrastructure needs says it will take a mix of public and private funds to narrow the funding gap.

The nation's 3,300 airports face $151 billion in infrastructure needs over the next five years, according to the 2023 U.S. Airport Infrastructure Needs Report.

The approval clears the way for groundbreaking on a bridge that the two states have been trying to replace for 12 years.

"One big challenge is the amount of advocates that we've had in Congress that will be retiring or no longer running for re-election," said SIFMA's Leslie Norwood.

The loan, which features a 2.5% interest rate, will finance nearly half of a community building in downtown Mount Vernon, Washington.

Sen. Joe Manchin, D-W.Va., has already pledged to try to overturn the rule in Congress.

Subcommittee Chair Rep. Steve Womack, R-Ark., asked Buttigieg if the $20 billion of federal commitments for transit projects over the next decade "might create a check we can't cash."

As space becomes an increasingly important frontier for development and competition, spaceports should enjoy the same financial benefits as airports and seaports, say supporters of the federal legislation.

The company expects construction to take four years, with operations beginning in summer of 2028 ahead of the Los Angeles Olympics.