Infrastructure

Aviation groups difference over a proposal to fund airport infrastructure projects with higher passenger facility charges.

Reliable, multi-year investments in the Northeast Corridor's 100-year-old rail infrastructure are needed to prevent massive system failures, warns Amtrak CEO Joe Boardman.

Virginia DOT has stopped work on a $1.4 billion toll road until it obtains final federal environmental clearance.

A proposed 47-mile toll road linking Indiana and Illinois is eligible for a federal TIFIA loan that could reduce construction costs by up to 20%, officials said.

Record ridership is just one of several credit positives for public transit agencies, Moody’s Investors Service said Monday.

Private activity bonds for water and wastewater projects would be exempt from state volume caps under bipartisan legislation introduced in Congress on Thursday.

"One of these things does not belong" is a catchy slogan — and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.

The Transportation Department may have to begin rationing state highway grants in July as the Highway Trust Fund is expected to dip below the critical $4 billion mark by summer.

Buoyed by record ridership in 2013, public transit advocates want their fair share of funding from Washington in the next multi-year surface transportation bill.

Construction associations and labor unions have formed a grassroots coalition to pressure Congress for additional investment in transportation infrastructure.

Sen. Mark Kirk, R-Ill., wants an additional $4 billion of tax-exempt private activity bonds available for transportation projects.

Public transit advocates push for $100 billion of federal funding for mass transit over six years in the new surface transportation spending law.

President Obama will ask Congress in his fiscal 2015 budget proposal for $2.5 billion in transit grants for 26 projects in 16 states.

Democrats and Republicans could find common ground on business tax reform and infrastructure investment, Treasury Secretary Jack Lew said at a Senate Finance Committee hearing Wednesday.

A higher cap for federally allocated tax-exempt private activity bonds could make state transportation P3 projects more attractive to investors.

President's Obama $3.9 trillion fiscal 2015 budget, released Tuesday, proposed capping the value of the tax exemption for municipal bond interest at 28%, which market participants complain would amount to an unprecedented tax on municipal bonds.

President Obama plans during the next two months to send Congress draft legislation for a four-year, $302 billion reauthorization of the surface transportation funding program, Transportation Secretary Anthony Foxx told reporters Tuesday during a briefing on the fiscal 2015 budget.

Annual spending on roads and bridges is up to $50 billion short of what is needed to maintain and improve them, U.S. DOT said in report on transportation infrastructure

Proposals to pump up the sagging Highway Trust Fund without raising the federal gasoline tax offer a solution to the highway funding impasse.

Rep. Bill Shuster, chairman of key House transportation committee, wants to study two new plans to bolster the sagging Highway Trust Fund