Infrastructure

Work is officially under way on California's $68 billion high speed passenger rail project funded with $10 billion of voter-approved state bonds

Congress needs to preserve the tax exemption of municipal bonds if it's serious about supporting infrastructure, National Governors Association vice president and Utah Gov. Gary Herbert said.

MBTA completes its funding for a $2.3 billion light rail project in Boston with a $996 million federal grant.

States will seek ways in 2015 to enhance existing revenue streams or create new ones to fund critical transportation projects, Wells Fargo says.

Missouri's proposed $2 billion upgrade of I-70 could be funded by tolling the 200-mile link between Kansas City and St. Louis.

Lack of action on federal transportation funding means growth in states' use of public-private partnerships to build, fund, and operate large projects.

Short-term extensions of federal transportation spending are likely to continue through 2015 as lawmakers struggle with a gasoline tax that can't pay the bills.

Connecticut receives $30 million in grants for restoration and resiliency to infrastructure in municipalities affected by Hurricane Sandy, Gov. Dannel Malloy announced.

Fairfax and Loudoun counties in Virginia formally closed on $600 million of federal loans for Silver Line rail project to Dulles Airport.

A three-mile segment of the Coalfields Expressway will be the first public-private partnership project to be built under West Virginia's new P3 law.

Increasing interest in public-private transportation partnerships due to constraints from $3.6 trillion of state and local outstanding debt, Brookings Institution said.

Private investors will begin collecting tolls soon on new interstate express lanes in Virginia built and operated under a P3 agreement through 2087.

Spending on fuel for cars and trucks in 2015 is expected to reach the lowest level in 11 years due to falling pump prices and more efficient engines, according to the Energy Information Administration.

Moody's raises its outlook for U.S. airports to positive as economic growth boosts passenger loads.

New York's MTA seeks up to $300 million in federal funding for infrastructure improvements for the L subway line to account for a spike in ridership.

The federal government has given Illinois and Indiana the go ahead to advance plans for a more than $1 billion bistate toll road both states hope to build with financing from a public-private partnership.

Falling crude prices may make an increase in the federal gasoline tax more politically palatable.

Governments should invest $163 billion a year in infrastructure to keep pace with growing transportation needs, new study finds.

Maryland will delay bidding for two months on its $2.45 billion Purple Line P3 project so new governor can review.

Transportation infrastructure construction will grow slightly faster than the rest of the economy in 2015, according to highway construction group.