Infrastructure

Long-term pressures continue to plague bonds backed by the federal highway trust fund, but investors can offset their risk by investing in debt also secured by other revenue, according to a Wells Fargo analysis released Monday.

Growing traffic between the United States and its international neighbors is leading to a need for more border road crossings, but a new HNTB white paper stresses the need for careful and conservative revenue studies for near-border toll points.

The South Carolina Alliance to Fix Our Roads has begun to lobby for an increase in the state's motor fuel tax to fund more than $50 billion in needed transportation improvements.

The Indiana Finance Authority finalized its agreement and reached commercial close on a deal with WVB East End Partners to design and build the state's part of the massive bi-state Ohio River Bridges Project.

The Public-Private Partnership sector will experience broad but slow growth in the coming year, experts predict.

The Illinois State Toll Authority board has approved a $1.5 billion budget for the coming year along with $1 billion in toll-backed bonds in the agency's first borrowing to support its 15-year $12 billion capital program.

The transportation sector will spend next year looking for opportunities to achieve limited legislative goals, while hoping to stay out of the way of lawmakers who may have to slash funds in ongoing efforts to deal with the debt crisis.

Virginia Gov. Bob McDonnell announced final agreement has been reached on a $1.4 billion public-private partnership to finance, design, and build a new 55-mile section of U.S. Route 460 in the southeastern part of the commonwealth.

Federal and transit agency officials made their case for federal aid to rebuild in the aftermath of Superstorm Sandy, telling a Senate panel they will need it to help pay debt service on new muni debt.

Airports, ports, and unregulated power companies are at risk due to the impending fiscal cliff, while toll roads and public power utilities are insulated from the worst danger, according to a Moody's Investors Service report released Wednesday.

A bill that would have authorized the Virginia Public Building Authority to issue an additional $300 million in bonds for wastewater treatment facilities died in committee.

The Los Angeles County Metropolitan Transportation Authority is at the forefront of a nationwide push to create a new tax-credit bond program for transportation investment.

The corridor between Washington, D.C. and Boston is ripe for public-private partnership rail development if the government gets behind it, according to testimony given before the House Committee on Transportation and Infrastructure Thursday.

The findings of the State Budget Crisis Task Force show that Virginia is in a stronger fiscal position than other large states, but still must begin making changes to close persistent funding shorfalls.

A lawsuit challenging the legality of the Dulles Rail project's toll-powered funding mechanism will have to head to yet another venue after the federal court weighing the case decided it did not have jurisdiction to rule on the matter.

The transportation infrastructure sector is expected to be stable across the board in 2013 despite fiscal cliff pressures and long-term funding concerns, according to Fitch Ratings.

An agitated U.S. Secretary of Transportation reiterated the Obama administration's support for high-speed rail investment, and fought vigorously to defend the controversial and partly bond-funded $68 billion bullet train initiative in California.

Indiana floated a request for interest for firms looking to partner with the state on a new section of Interstate 69, which is the latest in a series of P3 transportation projects the state has undertaken.

U.S. Transportation Secretary Ray LaHood may be sticking around at least a bit longer, according to the newly minted chairman of next Congress' House Committee on Transportation and Infrastructure.

Transportation experts and lobbyists believe anointed House Committee on Transportation and Infrastructure Chairman Bill Shuster will make financing issue a bigger focus than the man he will replace.