Water Agency Ratings Changes Roundup: June 2022
Fitch Ratings recently updated its ratings on various water agencies in California, Oregon, and Texas. Water District of Southern California was given the rating of 'AA+' on its senior lien and subordinate lien water revenue bonds and term bonds, and bank bond ratings...
Four Keys to Trust in P3s, According to Yale Research
Public private partnerships are an effective instrument in problem-solving, but uneasiness between the parties can compromise impact. How do two parties, with very different missions, build trust? A group at Yale has been researching this question. Yale Insights...
Moody’s: Ports Outlook Positive; Unaffected by Russia, Ukraine War
The Russia-Ukraine war may have rattled the global economy and supply chain, but Moody's asserted that the crisis did not spill over into sea ports as things continue to remain positive for the sector. Summarizing the analysis of Moody's reaffirming its positive...
Supreme Court to Decide Whether Pennsylvania Town Actually Owns Its Water Assets
Does the mid-sized Pennsylvania town of Chester actually own its Water Authority? The state's Supreme Court is now weighing in. In the September decision of the lower court, it ruled that Chester was the sole owner of CWA. This prompted Chester City Council to enter...
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Transportation Credit Ratings Roundup: June 2022
Fith Ratings recenty updated the ratings of several transportation authorities in Florida, California, Virginia, and New York. Florida Department of Transportation' Skyway Bridge was given a 'A+' rating on its series 2019A senior revenue bonds. In assigning said...
Diving Into Colorado’s New P3 Law
Following the passage of Colorado's expanded public-private partnership law, the state's public entities may now enter into P3 agreements. JDSupra explained the difference that the Colorado's expanded P3 law will bring: Under the P3 project delivery method, a public...
America Is Bordering On a Water Infrastructure Crisis
There is no disagreement — water is a precious asset. Without water, there is no path to survival or sustainability on the planet. Cities, counties, states, industry, trees, plants, crops, animals, and individuals cannot survive without adequate water resources. In...
San Francisco Narrowly Rejected the $400 Million Infrastructure Bond as Votes Fell Short by 1.5%
San Francisco voters narrowly rejected a $400 million transit infrastructure bond last week. Two-thirds voter approval was needed for the measure, called Proposition A, to be passed. However it only garnered a 65.1% vote share as of Monday, June 20. San Francisco...
Modernizing America’s Ports Will Require All Types of Expertise
Port operations throughout the world were damaged when the pandemic occurred. The effects of COVID were significant and the problems have lingered. Supply chain disruptions, port congestion, cruise ship restrictions, budgets stretched to the limit, and limited...
An Infrastructure-Focused Analysis of U.S. Water Risk
Most measures of "water risk" in the United States fail to account for infrastructure. Now, researchers have developed a model that they say more accurately calculates water risk based on local infrastructure. From the paper, published in the March issue of Global...
US DOT Opens Application for the New Bridge Investment Program
As part of the Bridge Investment Program, passed under the umbrella of the Bipartisan Infrastructure Law, the US DOT's Federal Highway Administration has begun calling for applications through a Notice of Funding Opportunity. The program will focus on the...
Port Mergers Hit High Tide in 2021, According to New Research
Port M&A intensified in 2021, according to a recent research brief which outlines the latest trends in port economics, including the COVID-induced supply chain crisis. Theo Notteboom, Professor of Port and Maritime Economics at the University of Antwerp, writes:...
USDA To Invest $16 Million in Rural Water Infrastructure in Kansas
The USDA has announced that it will finance six water Infrastructure projects across Kansas. Towns will receive funding totalling $16,027,000 which will come from the Water and Waste Disposal Loan and Grant Program, and the Community Facilities Direct Loan and Grant...
EPA Gives $220M Loan for New Jersey Water Infrastructure Modernization
The New Jersey Department of Environmental Protection announced that the New Jersey Infrastructure I-Bank will receive $221 million WIFIA loan from EPA that will be used to finance 28 water infrastructure projects in the state of New Jersey. The WIFIA loan will not...
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