Infrastructure

North Carolina Gov. Pat McCrory wants local leaders to vote again in support of controversial P3 express lane project.

Virginia’s transportation taxes are $1 billion less than expected due primarily to low revenues from its gasoline sales tax.

Global equity investors and sponsors continue to demonstrate strong interest in investing in U.S. infrastructure, notwithstanding the relatively anemic pipeline.

Tax regulators are open to the idea of writing special issue price rules that would treat bonds sold in competitive deals differently than those sold in negotiated deals, Treasury Department associate tax counsel John Cross told issuers meeting here on Friday.

Georgia expects to save $421 million reconstructing a critical intersection in Atlanta by entering into a public-private partnership with North Perimeter Contractors.

Four potential private partners have submitted financial proposals for Maryland’s $2.16 billion Purple Line light-rail project.

A provision in the new transportation funding law that lifts the ban on using tax-exempt bonds in conjunction with federal loans will result in lower borrowing costs for water utilities, Fitch Ratings said on Thursday.

Virginia Transportation Secretary Aubrey Layne opts for P3 financing of a $2.1 billion system of tolled express lanes.

The Port of Seattle Commission has approved a $408.4 million budget for 2016 that includes extensive infrastructure investments as part of a more than $2 billion capital improvement plan.

Credit agencies say the new $305 billion FAST Act funding law is credit positive for state road and transit debt secured by federal transportation grants.

The five-year federal transportation funding act and state initiatives will boost infrastructure construction next year, ARTBA said.

President Obama signed a five-year, $305 billion transportation funding bill on Friday.

The House passed a multiyear transportation funding bill on Thursday that provides $305 billion over five years.

The National Association of Bond Lawyers is urging tax regulators to liberalize existing safe harbors for longer term management and service contracts and to consider rule changes to facilitate the use of tax-exempt bonds in public-private partnerships financing infrastructure projects.

General revenue offsets totaling $70 billion in the five-year highway bill must cover a shortfall in gas tax collections.

The transportation conference committee on Tuesday reported a five-year bill that provides $305 billion of federal funding.

The conference committee on the transportation bill revived a transit funding program aimed at congested urban areas.

Democratic presidential contender Hillary Clinton proposed $275 billion of new federal infrastructure funding at a campaign rally in Boston on Sunday.

Transportation Secretary Anthony Foxx said he expects Congress to agree on a multiyear highway bill by Christmas.

Existing P3 arrangement will be expanded by Virginia to include tolls on high-occupancy interstate highway lanes near Washington, D.C.