Infrastructure

PortMiami's "Deep Dredge" harbor project will be mostly financed with bonds to ready the port for the Panama Canal expansion in early 2015. Miami-Dade County will pick up the federal costs to get the project done.

Spanish infrastructure investment giant Cintra will be the private partner on a more than $1 billion public-private partnership to develop the Route 460 Corridor project in southeastern Virginia, sources said.

The nation's drinking and wastewater systems are extremely underfunded and in need of billions of dollars of additional bond financing, according to a new study from the Center for American Progress.

Slide show of Puerto Rico Public Private Partnerships P3s

Ohio is selling GO bonds this week and Garvee bonds in November. Ohio says the Garvee deal will proceed despite uncertainty over federal transportation funding and the fiscal cliff.

Transportation and infrastructure policy has taken a back seat throughout the presidential campaign so far, a fact that industry insiders think is an intentional dodge of the daunting challenge of funding new investment.

Fluctuating fuel prices and a reluctance to raise on customers in a down economy could put pressure on public utilities credits in the near future, analysts from the three major credit agencies warn.

New York City's Municipal Water Finance Authority is scheduled to price $200 million of second resolution, adjustable rate tax-exempt bonds through negotiation.

The U.S. Court of Appeals for the Federal Circuit heard oral arguments Tuesday in the case of Corr V. Metropolitan Washington Airports Authority, a lawsuit that strikes at MWAA's primary mechanism of repaying more than $2 billion of bond debt.

Moody's Investors Service may downgrade $10 billion of Garvee bonds, the ratings agency announced Tuesday, because of the increasing uncertainty of the federal revenue stream that backs them.

An audit of the U.S. Department of Transportation's popular Transportation Investment Generating Economic Recovery grant program released revealed an inadequate framework for ensuring projects meet their goals, though the DOT said it has already taken steps to meet some of the IG's recommendations.

The district of Columbia's quarterly capital expenditures report showed that the district spent $689.3 million on capital projects in fiscal 2012, and debt financing was down about $62 million from the same point is fiscal 2011.

Airports will suffer from American Airlines impending layoffs of more than 4,000 employees, Moody's Investors Service said Monday.

Credit analysts aren't sure what the impact of the new generation if huge cargo ships will be on U.S. ports, but industry leaders and engineers are sounding the call for billions of dollars in additional investment in America's marine infrastructure.

U.S. District Judge Thomas Thrash Thursday morning granted Atlanta another 13 years to complete consent-related work on its massive sewer repair program.

The threat that federal subsidy payments for Build America Bonds could be slashed under the sequestration process after administration officials assured issuers those payments were safe could permanently sour the muni market on BABs and other direct pay bonds, market participants said Monday.

Transportation advocates are upset about the sequestration cuts. Although most dedicated funding sources for transportation infrastructure were protected from the mandatory spending reductions, highways and airports could both take a hit if Congress doesn't act.

At a time when states and municipalities face more than $2 trillion of unfunded pension fund liabilities, states are increasingly turning to private infrastructure investments to help close those funding gaps, experts said told treasurers meeting here this week.

Fitch Ratings announced Wednesday that uncertainties in federal transportation funding led to downgrades of GARVEES. The agency also warned against further weakening possible along the current trajectory.

A new report from Loop Capital Markets concludes that airports that rely heavily on cargo shipping have been less resilient during the recession and subsequent recovery than more passenger-oriented facilities.