Infrastructure News
The latest trends, news and insights on airports, ports, stadiums, roads and bridges.
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...
The Economic Impact of Port Cyber Attacks
Cyber attacks orchestrated against ports are no longer a hypothetical; stakeholders now must understand the economic losses that could come from such an attack. But how to quantify such losses? A new paper in Transportation Research offers a look at the economic...
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...
NY Port Authority Audit Finds “Indefensible” Pricing
The Port Authority of New York and New Jersey issues revised pricing guidelines for concessions at LaGuardia, JFK and Newark airport. This is after an internal audit found that restaurants in the three major airports were charging "indefensible" amounts, including $23...
Major California Ports’ New Fee Could Bring $90 Million in First Year
In an effort to achieve a zero-emissions future for ports by 2035, the Port of Long Beach and Port of Los Angeles are set to launch the Clean Truck Fund Rate which will charge cargo owners for containers delivered by non-zero-emission vehicles. The imposition of the...
Port Authority Credit Rating Changes Roundup: May 2022
Fitch Ratings and Moody's had recently updated the ratings of several port authorities in America. Port Authority of New York and New Jersey' (PANYNJ) was given an 'A+' rating on its 230th, 231st, and 232nd consolidated bonds. With regard to the obligations of PANYNJ,...
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...
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