Infrastructure

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.

The toll of Hurricane Sandy on the Eastern Seaboard's transportation infrastructure underscores the need to fund both annual maintenance and "generational" infrastructure projects, said John Porcari of the U.S. Department of Transportation.

Alabama prices $340 million of new Garvee bonds Wednesday as part of Gov. Robert Bentley's Alabama Transportation Rehabilitation and Improvement Program.

Spending on transportation infrastructure construction is likely to grow a modest 3% next year to a total of $130.3 billion, according to the American Road and Transportation Builders Association's annual forecast.

The ability to fast-track stalled projects as well as create jobs is making the design-build-finance model attractive to states, panelists said at The Bond Buyer's annual transportation and P3 conference.

With Congress and the Obama administration honed in on resolving the national budget crisis and avoiding the fiscal cliff, it's unlikely the already squeezed transportation sector will avoid a hit, predicted sector specialist Jane Garvy.

Panelists at the Bond Buyer's annual transportation and P3 conference said the newly expanded TIFIA program, combined with private activity bonds and yield-hungry investors are powerful tools for governments embarking on public-private transportation projects.

President Obama should seek federally-subsidized infrastructure bonds, a national infrastructure bank, and standardization of state tolling authority to help accomplish his infrastructure investment goals, the Center for American Progress said in a new report.

Rep. Bill Shuster appears to have secured his chairmanship of the House Transportation and Infrastructure Committee after receiving the blessing of current chairman John Mica.

There is more new leadership at the American Association of State Highway and Transportation Officials, as the group voted this week to elect Rhode Island Transportation Director Michael Lewis as the association's president for the next year.

The impact of the rapidly approaching fiscal cliff could devastate U.S. debt-financed infrastructure if Congress fails to find an alternative combination of cuts and revenue measures, Fitch Ratings said Monday.