Infrastructure

More than 70% of the projects include transit-oriented development and downtown redevelopment initiatives.

With all but one grant secured and construction underway, Pat McCoy reflected on Gateway's journey so far at a Municipal Analysts Group of New York event.

The record pace of municipal bond supply this year is driven in part by cities and states realizing projects won't get any cheaper if they wait.

The ratio of local government municipal debt to GDP in aggregate has fallen to around 10% from 20% in 2010.

"We, the city of Philadelphia proper, we can't do it alone," Parker said in a keynote address at The Bond Buyer Infrastructure conference Tuesday. "We are grateful to our state and our federal partners, as well as the bond market."

North Carolina is the latest state to eye using a P3 to build tolled express lanes amid insufficient state funding.

Current FHWA deputy administrator Kristin White will serve as acting administrator until a successor is named.

The New York region's beleaguered transportation agency could need up to $92 billion for its next capital plan, said State Comptroller Thomas DiNapoli. 

Full Moon Capital will focus on mid- and smaller-sized specialty credits that are looking to grow.

It's the latest proposal for a type of national infrastructure financing structure in lieu of the municipal bond market.