bonds

Unique storm surge bonds for MTA prove popular

By Robbie Webber For the first time, Standard & Poor’s has rated a catastrophe bond, also known as a cat bond, based on the level of a storm surge. First Mutual Transportation Assurance Co., a subsidiary of the New York Metropolitan Transportation Authority, is working with a reinsurer in

“30/10″ Plan: The right track for transportation

According to Charles Chieppo of the Harvard Kennedy School, Los Angeles County appears eager to learn from mistakes made in transportation funding over the last twenty years — such as the Boston “Big Dig” highway project that has amassed $8.6 billion in debt and a $4.5 billion maintenance