On Dec. 9, the IRS released final Treasury Regulations relating to the "issue price" of tax-exempt bonds for purposes of arbitrage investment restrictions. As such, issuers, underwriters, financial advisors and others involved in the municipal bond market will need to determine how they will comply with the Final Regulations, which are effective for bonds sold on or after June 7, 2017.

A Spanish-led consortium will finance, build, and operate dual toll lanes in each direction along Interstate 66 in northern Virginia under a 50-year concession contract with the state.

The Federal Highway Administration will open an investigation into a civil rights complaint that could derail Colorado's plan to finance a $1.7 billion expansion of Interstate 70 in Denver as a public-private partnership.