Infrastructure

With all but one grant secured and construction underway, Pat McCoy reflected on Gateway's journey so far at a Municipal Analysts Group of New York event.

The record pace of municipal bond supply this year is driven in part by cities and states realizing projects won't get any cheaper if they wait.

The ratio of local government municipal debt to GDP in aggregate has fallen to around 10% from 20% in 2010.

"We, the city of Philadelphia proper, we can't do it alone," Parker said in a keynote address at The Bond Buyer Infrastructure conference Tuesday. "We are grateful to our state and our federal partners, as well as the bond market."

North Carolina is the latest state to eye using a P3 to build tolled express lanes amid insufficient state funding.

Current FHWA deputy administrator Kristin White will serve as acting administrator until a successor is named.

The New York region's beleaguered transportation agency could need up to $92 billion for its next capital plan, said State Comptroller Thomas DiNapoli. 

Full Moon Capital will focus on mid- and smaller-sized specialty credits that are looking to grow.

It's the latest proposal for a type of national infrastructure financing structure in lieu of the municipal bond market.

Iowa has the largest number of poor bridges, followed by Pennsylvania and Illinois.

The House bill supported by the coalition would allow municipal bond holders to transfer the securities to the bank in exchange for stock.

The Fed's expected September rate cut will "make market conditions more conducive to moving projects forward" said Dodge Construction Network's chief economist Richard Branch.

Loop Capital's Jim Reynolds was among the nine private and public entities that signed a pledge to help bring in more historically underutilized businesses on construction projects.

Proposed guidelines for federal tax credits could undermine the effort to build a clean hydrogen market, critics say.

Dallas Fort Worth International Airport received a S&P rating upgrade and a positive rating outlook from Moody's ahead of a $750 million bond sale next week.

It was a busy week for the nation's only publicly funded high-speed train project, which named a new CEO and debuted electric Caltrain cars following the Republican bill that aims to derail the "expensive mess."

Grant programs give the administration a degree of control over which projects get funded, similar to earmarks.

The Build America Bureau is poised to release awards for its asset concession program and preliminary guidelines for value-for-money analysis, two key P3 programs authorized under the IIJA.

The Palisades Tunnel project and phase two of the Hudson River Ground Stabilization project will officially begin later this year.

Successful roll-outs are countered by regulations and red tape.