Aashna Shah

4 days ago | bloomberg.com | Allyson Versprille |Aashna Shah

A United Airlines aircraft on the tarmac at Newark Liberty International Airport on June 2. (Bloomberg) -- Flights at Newark airport are set to increase later this month following the completion of construction on one of the busy hub’s runways, the top US aviation safety regulator said. The Federal Aviation Administration will allow 34 hourly arrivals once it certifies the recently rebuilt runway, Chris Rocheleau, the FAA’s acting administrator, told reporters on Monday.

1 week ago | bloomberg.com | Allyson Versprille |Aashna Shah

The FAA Air Traffic Control tower at Newark Liberty International Airport (EWR) in Newark. Photographer: Bloomberg/Bloomberg(Bloomberg) -- A runway at Newark Liberty International Airport that’s been under construction and is partially responsible for some of the disruptions there will reopen Monday, the Port Authority of New York and New Jersey announced Friday. The project, which was originally slated to be completed by June 15, is 13 days ahead of schedule.

1 week ago | news.bloombergtax.com | Arvelisse Bonilla Ramos |Aashna Shah

Emory University is considering borrowing more than $1 billion of municipal debt to finance projects for its campus and hospital system. The bond sale for the Atlanta-based private institution is expected in mid-June and will be managed by an underwriting group led by RBC Capital Markets, according to a securities filing that outlined the potential borrowing plan.

1 week ago | bloomberg.com | Arvelisse Bonilla Ramos |Aashna Shah

Emory University Hospital in Atlanta, Georgia. (Bloomberg) -- Emory University is considering borrowing more than $1 billion of municipal debt to finance projects for its campus and hospital system. The bond sale for the Atlanta-based private institution is expected in mid-June and will be managed by an underwriting group led by RBC Capital Markets, according to a securities filing that outlined the potential borrowing plan.

2 weeks ago | news.bloombergtax.com | Aashna Shah |Ellen Schneider

Private credit firms are seeing an opportunity to finance everything from public transit systems to local utilities as the federal government and banks pull back on funding. US state and local infrastructure is in need of alternative funding sources as pandemic-era stimulus funds wane and the Trump administration seeks to cut costs. As inflation drives up construction costs and government balance sheets are pressured by higher expenses, there are fewer dollars to be allocated to projects.