Infrastructure

A $15.1 billion, 16-year transportation package proposed by Washington State House Democrats includes more than $8 billion of new projects to be funded with an increase in the state gasoline tax and up to $4.3 billion of state general obligation bonds.

Lower pump prices are boosting fuel consumption and vehicle miles traveled, leading to higher gas tax collections, a trend Moody’s Investors Service expects to continue over the near-term.

Tax reform proposals to curb tax exemption for municipal securities would create uncertainty in the market, possibly lead to higher borrowing costs, and hurt infrastructure development, issuer and borrower groups warned a Senate Finance Committee working group this week.

Congress should consider raising motor fuels taxes to shore up the dwindling Highway Trust Fund, a bipartisan grassroots group advocating responsible fiscal policy said this week.

The new Florida Development Finance Corp. board on Tuesday delayed reconfirming the agency's decision to be the conduit for $1.75 billion in private activity bonds for the All Aboard Florida train project.

The Department of Transportation is soliciting applications from public entities for $500 million of grants to help finance transportation projects across the country and will hold the first of four webinars on the application process on Wednesday.

The federal government will run out of money for transportation and other infrastructure projects in late July or August, roughly two months later than expected, Transportation Secretary Anthony Foxx said Thursday.

State lawmakers have approved more than $1 billion a year of new local transportation funding in 2015 with more to come.

Indian River County, Fla., Tuesday filed a lawsuit asking a federal judge to block the issuance of $1.75 billion in private activity bonds for the All Aboard Florida private train project.

A group of conservative House Democrats wants a hearing on fixing the Highway Trust Fund when Congress returns from its two-week Easter recess.

Connecticut Gov. Dannel Malloy has formed a panel to explore financing options for overhauling its transportation infrastructure "over the next 30 years and beyond."

FEMA is providing its largest grant ever -- $3 billion—to the New York City Housing Authority to repair and protect 33 developments severely damaged during Hurricane Sandy.

Airport capital spending will rise over next five years to meet growing passenger demand, Moody's says.

President Obama's proposed six-year transportation bill would give states more flexibility in tolling of existing roads and bridges.

Congress will not find the revenue needed to fund a multi-year federal transportation bill before the most recent short-term fix lapses in two months, Rep. Paul Ryan, R-Ohio, said.

Measures in the House and Senate would set aside for local projects a portion of states’ federal highway funding.

The Central Florida Expressway Authority won a 1.23% interest rate on a 35-year TIFIA loan Wednesday, the program's lowest-ever long-term rate, a federal transportation official said.

States have postponed scores of road projects over concerns that federal funding will be delayed during the summer construction season.

States have postponed scores of road projects over concerns that federal funding will be delayed during the summer construction season.

Mayors will unleash a coast-to-coast political push for a significant increase in federal transportation funding.