Infrastructure

On the policy front, the budget would allow large urban transit agencies to use federal capital grants for operating costs and gives states more private activity bond volume flexibility for housing.

After a brisk 2021 that saw a record number of P3 deals reach financial close, last year slowed to only 16 closings, according to Husch Blackwell's sixth annual P3 trends report.

More than half of the 163 bills introduced in state legislatures across the country propose one-time funding for transportation projects using bonds, excess COVID relief or budget surpluses.

The legislation would allow the New Mexico Finance Authority to issue revenue bonds for transportation and broadband projects.

States will need to figure out how to build within the law, the DOT secretary said.

His experience overseeing major infrastructure projects at public transportation agencies prepares him for the FAA job, Washington told senators.

A majority of state DOTs have now adopted a commitment to equity in infrastructure contracting.

A twenty year-old problem is thwarting the influx of IIJA Funds.

The fresh guidance seeks to end a debate over how to prioritize federal transportation funds that's dogged Biden administration officials for more than a year.

Questions arise over the condition of rail infrastructure and how it should influence credit and buy side analysis of local governments that host rail lines.