CALIFORNIA DEPARTMENT OF TRANSPORTATION: Caltrans Generates Nearly $233 Million Through Efficiencies, Exceeds the SB 1 Statutory Goal of $100 Million

Caltrans today released its SB 1 Annual Efficiencies Report for fiscal year 2018-2019 to the California Transportation Commission, noting that its efficiency measures saved nearly $233 million – more than double the statutory goal of $100 million per year – which will be reinvested to maintain and rehabilitate state highways. Read More »

CALIFORNIA DEPARTMENT OF TRANSPORTATION: Caltrans Releases Climate Change Vulnerability Assessments for Parts of Southern California

As part of an effort to identify how climate change might impact the State Highway System, Caltrans is releasing three Climate Change Vulnerability Assessments that focus on the risks posed to the transportation system by wildfires, extreme temperatures and precipitation, sea-level rise and coastal-bluff erosion in Southern California. Read More »

DELAWARE RIVER AND BAY AUTHORITY: S&P Global Ratings, Moody’s Reaffirm DRBA Bond Ratings; DRBA to Issue $180 Million Series 2019 Revenue Bonds

Today, Delaware River and Bay Authority (DRBA) officials announced that independent credit agencies, S&P Global Ratings (S&P) and Moody’s Investors Service (Moody’s), affirmed the bi-state agency’s bond ratings of ‘A’ and ‘A1’ respectively on both the DRBA’s long-term underlying rating (SPUR) on revenue bonds outstanding and the proposed $180 million Series 2019 Revenue Bonds. Read More »