Infrastructure

The most recent open solicitation period, last October, yielded three proposals.

"The financial and engineering industries need to align to get the owners to do what it is they need to do to make sure it's a durable asset," said Maria Lehman, immediate past president of ASCE.

Water systems will have five years to comply, although the Biden administration estimates only between 6% and 10% of systems will need to treat.

The T&I Committee is holding hearings on another landmark infrastructure bill.

The deal comes amid market inflows and a dearth of high-yield supply, but demand will depend, as always, on the price, investors said.

The DOT has made $20.5 billion available to state and local governments, in addition to signing an agreement that expands capacity at the Port of Baltimore following the collapse of the Francis Scott Key Bridge.

In "my nearly 50 years in finance, I've never seen more demand for energy infrastructure," BlackRock CEO Larry Fink said in his latest investor letter.

The loan is part of an Inflation Reduction Act program that finances the restart of renewable energy projects that have ceased operations.

Supply chain disruptions and economic impacts are raising concerns.

The legislation gives up to $8.84 billion in bonding authority to the New Jersey Transportation Trust Fund Authority over a five-year period beginning July 1, about $1.76 billion annually.