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The inspector general warned in a report that the California bullet project could run out of money for construction by December 2027.
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As the level and delivery of infrastructure funding becomes increasingly uncertain and political, proponents of a national infrastructure bank are making their case.
August 11 -
Lifting the PABs cap is a priority for transportation advocates, lawmakers from both sides of the aisle and the Trump administration.
August 7 -
A default under the concession agreement could result in termination of the project, according to an analyst.
August 7 -
The White House's involvement in expanding Dulles International Airport lead to plans for a $22.5 billion bond sale, while questions remain about steep passenger fees that may be required.
August 5 -
President Trump took center stage at the announcement of $20 billion of upgrades to Washington Dulles International Airport, but financing was left to munis.
July 31 -
The planned Sites Reservoir project in California faces financial uncertainty as officials await a regulatory decision about its usable water supply.
July 31 -
The California High-Speed Rail Authority and the High Desert Corridor Joint Powers Agency will cooperate, notably on the station where they plan to connect.
July 24 -
New leadership and private capital are part of the strategy to push the high-speed rail project to its overdue completion.
July 24 -
Congress should also eliminate the mass transit account from the Highway Trust Fund, and consolidate all federal fuel tax revenues into the HTF, the USDOT proposed.
July 23 -
While the surface transportation reauthorization lumbers through Congress and IIJA funds starting to sunset, some states are tapping pooled bond funds and relying on independent financing authorities.
July 20 -
Action on a surface transportation bill, however, is likely to be delayed until September.
July 20 -
The Senate Environment and Public Works Committee released a bipartisan agreement on the Water Resource Development Act, a positive step toward answering questions about state revolving funds used by local water authorities for infrastructure improvements.
July 14 -
The Build America Bureau "continues to work with the project sponsor to obtain the information required for the creditworthiness review," said a USDOT spokesperson.
July 14 -
Tracking with the larger U.S. managed lane sector, the company enjoyed strong growth in its North American market.
July 13 -
Sen. Lindsey Graham's death adds another challenge for Congress as the GOP will find replacements for his committee assignments, including the Environment and Public Works, which oversees the surface transportation bill reauthorization.
July 13 -
Construction delays and slowing international air traffic pushed rating agencies to change the outlook to negative on JFK's New Terminal One.
July 13 -
Mayors and city leaders face an uncertain future from dwindling federal infrastructure funding, but a major housing bill offers hope.
July 10 -
With the future of U.S. public funding for infrastructure remains cloudy in terms of quantity and delivery methods, sentiment appears to be shifting towards allowing more private investment.
July 9 -
The MBTA may be moving past its days of literal train wrecks, but creating a better system is costly.
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