Infrastructure

U.S. mayors and other municipal market participants are stepping up pressure on Congress to maintain the tax exemption on municipal bonds, after President-elect Donald Trump said he supports the tax break that they say is crucial for funding infrastructure projects.

The grant from the Federal Transit Administration completes funding for $1 billion Texas rail line linking Dallas-Fort Worth International Airport with downtown stations.

Elected officials from New York called on the Federal Transit Administration to fund the $6 billion second phase of the Second Avenue subway.

Maryland Gov. Larry Hogan wants lawmakers to repeal a new law requiring statewide ranking of road projects.

Direct pay bonds similar to Build America Bonds may wind up forming the backbone of Donald Trump’s proposed 10-year $1 trillion infrastructure investment plan.

Private investors sign contract to finance, build, and operate tolled express lanes on a Virginia highway.

Martin and Indian River counties have asked a federal judge to examine the new bond financing strategy employed by All Aboard Florida to determine the "full extent" of the proposal and its impact on their federal lawsuits.

The Illinois Regional Transportation Authority Thursday will consider a $3 billion operating budget and $5.1 billion five-year capital plan that boosts spending next year but still falls far short of its needs as a new state capital program languishes amid the ongoing budget impasse.

Congress approved a continuing resolution to keep federal programs and services funded through April 28, 2017 and a water bill, both of which would provide $170 million for Flint, Mich., and other localities with contaminated water.

Flint, Mich., and other cities with contaminated water supplies would get $170 million of federal aid under a water bill and continuing resolution passed by the House on Thursday.

A House panel approved $834 million for a new FBI headquarters that will be financed as public-private partnership.

Federal civil rights investigation will delay Colorado’s proposed $1.7 billion P3 highway expansion project.

More federal transportation funding is needed to eliminate constraints caused by inadequate national freight network, officials warned.

A proposed continuing resolution that would fund federal programs and services through April 28, 2017, and a long-awaited bipartisan water bill would provide about $170 million For Flint, Mich., and other water infrastructure health initiatives.

Political risks are the darkest cloud dimming the transportation sector’s stable outlook for 2017, Fitch said.

Industry experts see federal transportation policy shifting toward more private investments in public projects.

President-elect Trump has named former Labor Secretary Elaine Chao as his secretary of transportation.

WASHINGTON – Capping the tax exemption for municipal bonds over a nine-year period would have cost state and local governments roughly $175 billion in additional borrowing costs, while a full repeal would have cost them nearly $500 billion more, state and local officials warned Tuesday.

Ranking Democrats on House Transportation Committee seek full road funding boost promised for 2017.

Climate Bonds Initiative CEO Sean Kidney, in a spirited chat from London with northeast regional editor Paul Burton, charts the landscape for the U.S. municipal green bond issuance.