1+ week, 4+ day ago   (729+ words) A stopgap funding bill heading to President Trump's desk extends surface transportation funding to early December, giving lawmakers more time to craft a full five-year reauthorization but leaving some states and cities without an expected nearly $37 billion of federal support....

3+ week, 2+ day ago   (505+ words) Trading has been brisk on Brightline West bonds as the West Coast train project continues to work to put together financing anchored by a federal loan and bank-backed equity. Roughly $37 million of senior bonds with a 12% coupon due in 2065 traded…...

3+ week, 2+ day ago   (333+ words) The Kansas Turnpike Authority intends to use revenue bonds to finance a portion of its recently announced, nearly $500 million long-term investment plan, a spokesperson for the agency said on Friday. The investment plan announced Aug. 13 is aimed at preserving, modernizing,…...

3+ week, 3+ day ago   (1077+ words) Tennessee has selected a Ferrovial-led consortium for the state's first toll lane public-private partnership after the team offered a whopping $24.8 billion concession fee as part of its bid. That's more than three times the next-highest concession fee from competing bidders,…...

4+ week, 2+ day ago   (1317+ words) The Port of Seattle navigated a volatile municipal bond market to price a $251.9 million revenue bond transaction that its finance team said highlights both the strength of the port's credit profile and its ability to execute a refunding in a…...

1+ mon, 6+ day ago   (1002+ words) The Los Angeles International Airport's automated people mover project, known as SkyLink, which was slated to open in January, appears to be delayed again, which could have financial implications that could spell its doom. Fitch Ratings downgraded the $1.2 billion senior…...

1+ mon, 1+ week ago   (1497+ words) Atlanta will continue its substantial borrowing through the municipal bond market for the world's busiest airport next week when it prices $1.1 billion of municipal bonds. The bonds are rated AA by S&P Global Ratings and Fitch Ratings and AA-plus…...

1+ mon, 1+ week ago   (456+ words) Brightline Florida bondholders have agreed to a brief payment delay after the company failed, once again, to make required debt payments on time. The week-long postponement was granted by holders of the $1.2 billion of unrated, or AAFOH, tax-exempt bonds and…...

1+ mon, 2+ week ago   (1782+ words) Nearly two decades after California voters first approved a bond measure to launch a high-speed passenger rail system, the project remains a lightning rod for infrastructure debate, balancing its vision as a transformative clean energy project against a history of…...

1+ mon, 3+ week ago   (601+ words) Creative approaches to public finance are gaining traction in states concerned with the future of formula money provided by the Highway Trust Fund and moves away from discretionary grants. "States are turning to various centralized financing institutions that they have…...