Industries

The Federal Highway Administration needs to act more like a partner and less like a roadblock, state transportation officials said.

The healthcare chain won breathing room as its letter of credit provider waived a rating covenant and removed an event of default provision for junk downgrades.

"The labor noise is probably a little louder and is probably going to be with us for longer than we expected in late 2021 and is probably going to result in lower margins for a bit of time," S&P's Suzie Desai said.

The program received more than 250 applications for $26.5 billion worth of projects across the country.

Removing the passenger facility charge cap of $4.50 would provide airports with more flexible and consistent funding options to help them become more self-reliant, a Reason Foundation study said.

Tollway revenue in the first half of 2022 surpassed pre-pandemic 2019 levels in five of the months.

Nearly all construction firms have job openings, and more than half said they're seeing projects being scaled back, postponed or canceled.

The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.

COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

Fitch said it expects the law will spur more public power borrowing for clean energy facilities.

The "after-action" report concluded that the Great Hall project would have been better served with a more traditional finance and contracting approach.

The congestion pricing plan that puts tolls on vehicle traffic coming into lower Manhattan still faces many hurdles before it would take effect.

The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.

The state's Board of Public Works could vote on the 50-year concession this fall as Gov. Larry Hogan aims to button up the project before he exits office in January.

Kansas Gas Service is the third division of Tulsa-based ONE Gas, Inc., to participate in a state-sanctioned securitization related to Winter Storm Uri.

Public agencies are often "clients of last resort" for contractors, especially when construction costs are high.

Inflation and labor struggles are pounding hospital balance sheets and the pressures could damage ratings.

The finance team on the Western Placer Waste Management Authority deal hopes to benefit from an improving market with increased inflows.

Democrats say the $740 billion legislation would mark the largest climate change mitigation investment in the country's history.

The $2.2 billion will be divided evenly between urban and rural communities, with 75% going to projects in poor or disadvantaged areas.